Earnings estimates are back near record levels again. This wave of excitement seems quite excessive and completely unwarranted. Citigroup analysts are already donwgrading earnings estimates, so they can beat them.
Earnings estimates are back near record levels again. This wave of excitement seems quite excessive and completely unwarranted. After reaching over 90% of yield curve inversions in the US Treasury market, the risk of a full-blown economic recession remains significant for… pic.twitter.com/jML58pdg6B …