Don’t blame the virus.
Equity earnings already looked awful way prior to COVID-19.
Q4 was the worst decline in EPS growth since the Great Recession.
Let the Q1 earnings season begin. pic.twitter.com/t9Y1YhNSgL
— Otavio (Tavi) Costa (@TaviCosta) April 9, 2020
— Alastair Williamson (@StockBoardAsset) April 10, 2020
Fair point… Buybacks did the heavy lifting for a lot longer than most people thought… Question is how long can .gov do it pic.twitter.com/Lqyx0bCWdb
— David Rockwell (@DavidRo63961560) April 10, 2020
Assuming 10-12 weeks of social distancing from mid-March, we anticipate real GDP will likely contract by over 9% peak to trough, with output falling 32% annualized in Q2. pic.twitter.com/WTpUeWKLOw
— Gregory Daco (@GregDaco) April 9, 2020
How were this many people more than 90+ days delinquent on auto loans when the economy was supposed to be the best ever before the virus? pic.twitter.com/tWq9UCPPD7
— PolitiFalse (@badstokpix) April 10, 2020