S&P 500’s forward 12m operating margin has started to roll over this month, but hasn’t yet cut below its recent April low pic.twitter.com/to4WkIJeiM
— Liz Ann Sonders (@LizAnnSonders) May 17, 2023
To say something about the direction of company earnings, using bottom-up data only, will likely give you a biased view as analysts tend to be too enthusiastic about the stocks they follow and about equity markets in general.
I use several global economic… pic.twitter.com/toP9gwoGDN
— jeroen blokland (@jsblokland) May 17, 2023
See also Hindenburg is now shorting IEP bonds. Carl Icahn owns 85% of the stock and is using 65% as collateral for his margin loans.
See also The end of the USD as the global reserve currency is approaching soon. Prepare accordingly.
Recession. but Earnings ok
BofA Survey pic.twitter.com/xOjakc8jFB
— Win Smart, CFA (@WinfieldSmart) May 17, 2023