Citigroup says, should a recession materialize, “it would need to cut its 2020 EPS projection by another $30 … Applying a multiple of 18-times earnings would generate a 2,400 level for the index, implying a 20% drop from Monday’s levels.”
Citigroup says, should a recession materialize, “it would need to cut its 2020 EPS projection by another $30 … Applying a multiple of 18-times earnings would generate a 2,400 level for the index, implying a 20% drop from Monday’s levels.” https://t.co/AJBs57dSHL
— Carl Quintanilla (@carlquintanilla) March 3, 2020
#reccoread>>Coronavirus raises the risk of real trouble in #corporatebonds
Downgrades of triple B rated debt could cause dislocations that make everything worsehttps://t.co/s8hp7YelqL pic.twitter.com/v8JkenU6f3
— 𝕮𝖍𝖎 🛢️ (@chigrl) March 4, 2020