The Securities and Exchange Commission has told companies not to be too concerned if their guidance changes rapidly.
Here's what we might expect to hear from corporations when they begin reporting. I've broken it down into sectors to make it easier to digest. While I have spoken to many traders over the past several days, the observations are my own.Federal Reserve loan programs may help a bit, but regular loan demand from corporations certainly will be lower. Consumers may use draw-downs on home equity loans.
Retail: Those with exposure to grocery stores will do better, but for others the choice of taking no rent or forcing evictions may be the final straw.Entertainment: Workforce reductions will not overcome closing of theme parks, movie theaters, sports events.
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Dumbest. Damn. Thing. Ever. Ruining a country for this.
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