For those of you who still think the stock market has anything whatsoever to do with the economy. 🤯👇 https://t.co/OYVijuRSAy
— George Gammon (@GeorgeGammon) June 3, 2020
With Q1 earnings season ending, scorecard doesn’t look great … % of S&P 500 members beating profit estimates as measured by @bloomberg at lowest since 2012 pic.twitter.com/gb8YVU9bCD
— Liz Ann Sonders (@LizAnnSonders) June 3, 2020
Join the party! https://t.co/7tPLA4T1WT
— Danielle DiMartino Booth (@DiMartinoBooth) June 3, 2020
If you believe our forecast for a -10% fall in 2020, Argentina's GDP this year is back to its 2007 level. For Brazil our forecast of -7% in 2020 takes us back to 2010. Mexico's fall of -9% returns us to 2013. A "lost decade" even before you factor in currency devaluation effects. pic.twitter.com/RnHrZ9q0RC
— Robin Brooks (@robin_j_brooks) June 3, 2020
It's it amazing how CBs were put in a corner by economy and still trying to suppress the system while social volatility explodes in front of their doors with rapidly raising unemployment, looting, and consumption dropping.https://t.co/QOnjUcWSFU
— GregTheAnalyst (@Analyst_G) June 3, 2020
🇺🇸 Profits
Do valuations still matter? The current divergence between the S&P 500 and corporate profits after tax is the widest on record 👉 https://t.co/m92HmW5PAy
h/t @LanceRoberts #markets #sp500 #equities #valuation#profits #corporateprofits #investing #recession $spx pic.twitter.com/ouRXPhZxBg
— ISABELNET (@ISABELNET_SA) June 3, 2020