) will kick off the reporting season on Tuesday, with analysts expecting an uptick in trading revenue to be offset by declines in other businesses and a bleak outlook for the rest of 2020.
Overall, earnings for S&P 500 firms are expected to tumble 9.0% in the first quarter, compared with a Jan. 1 forecast of a 6.3% rise, before plummeting 20.7% in the second quarter as sweeping lockdowns halt business activity and spark furloughs. “The raft of stimulus from the Federal Reserve has distorted stock prices, which have become disconnected from fundamentals. Combined with the bleak second-quarter data expected to come this month, there is definitely room for more downside,” Cohen said.
TSLA is up $57... many others are also up this morning. Hardly a massive tumble.
Wall Street has $$$ - please take care of all Americans - Happy Easter 🐥
Thoughts and Prayers.
Wish the poor could somehow help these investors stay wealthy.
realDonaldTrump
Investors get returns not earnings.
Good.
agreed From
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