Saturday, January 23, 2021

Tag: $850BN Drop In Corporate Cash Spending

Goldman Now Sees A 123% Plunge In Q2 S&P Earnings, $850BN Drop In Corporate Cash Spending

from ZeroHedge:

With 9% of S&P 500 firms having already reported Q1 earnings including all of the major banks, results have generally disappointed relative to already tepid expectations. 43% of companies have missed consensus expectations, on pace for the highest rate since at least 1998 with earnings set to drop by 15% Y/Y, but it’s Q2 where the real pain will be with Goldman now expecting S&P 500 to plunge by a record 123% plunge.