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170 out of 499 S&P companies have reported Q3 earnings, growth is -14%
— GreekFire23 (@GreekFire23) October 27, 2020
The most striking data point from this month’s US Conference Board report is the absolute collapse in confidence for consumers in the $15K & below income bracket. It is the 2nd largest 1M drop on record at -26.1pts, surpassed only by the drop in March at -28.2pts. pic.twitter.com/xHtFrnPfo8
— Julien Bittel, CFA (@BittelJulien) October 27, 2020
If Q3 real GDP rises 36% it will still be 2% below a year ago’s level. That is still a weaker economy than during the ‘90-91 and ‘01 recessions.
— GreekFire23 (@GreekFire23) October 27, 2020
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