FILE PHOTO: Traders wearing masks work, on the first day of in person trading since the closure during the outbreak of the coronavirus disease on the floor at the New York Stock Exchange in New York, U.S., May 26, 2020. REUTERS/Brendan McDermid
“It’s widely assumed at this point that earnings for Q2 are going to be pretty much a disaster,” said Willie Delwiche, investment strategist at Baird in Milwaukee. That is especially important as many companies have been pulling guidance, giving analysts and investors little information on the outlook for earnings.
Worries have been mounting as states reopen and new coronavirus cases increase in parts of the United States, forcing some states to reverse course and shut businesses down again.
It is not disaster to Wall Street though. They made more dough during this COVID-19 than any other time. Trump refused to share the names of COVID disaster relief money 4 a reason. If there is Disaster it is to the common mom & pop shop & other SMEs.
Disney films have more believable plots than current US stock indexes.
The 2028 earnings season is gonna blow everyone away.
Hahah arnt we looking forward to 2022 earnings already?
Nothing a new round of Fed stimulus can't fix.
Obviously, it is a big bull trap. Be careful. AAPL's stock rally more than 30% than January with sale warning and no guidance. Let's see who bought the expensive AAPL stock from Buffett.
Maybe it would help realizing that health and the economy go hand-in-hand, instead of choosing one or the other.
Watching this looming crash with money in the bank to buy rock-bottom stocks like:
Look beyond mass unemployment, 130k+ COVid deaths, China aggression, over valued stonks Great plan! Of course earnings are always going to surprise to the upside no matter what.
riggernomics
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PERMABULLSHIT US asset markets are FUBAR for a generation to come - it's a matter of when not if
After 239 scientists send their letters to the World Health Organisation saying the coronavirus is dangerously airborne, WHO finally say that the coronavirus might be airborne!!!
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