. "During the quarter, the Goldman Sachs equity analyst US re-opening scale averaged between 4 and 5 on a continuum between 1 and 10 ."
"The consequences of the semi-frozen economy on an uneven road to recovery will be visible in 3Q results," Kostin said. "Consensus expects 3Q S&P 500 EPS will decline by 21% on a year/year basis, following a 32% drop in 2Q and a 15% fall in 1Q. Kostin's mention of an "uneven road to recovery" is worth noting. Although some companies are barely scraping by during the pandemic, others are growing sales and margins at a rapid clip. It's an anomaly that hasn't gone unnoticed.
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What they’re actually saying is ‘take your dumb money and replace our smart money!’
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