https://twitter.com/hks55/status/1265758627673096192
391 of 479 S&P 500 firms reporting earnings had their Q2 estimates lowered after they reported.
The good news is seen in the 3 charts below. They show the bottom up forward EPS consensus increased in the past week.
(h/t) @Not_Jim_CramerArticle: https://t.co/uz7eJOghVU pic.twitter.com/zJc9tcKy5k
— UPFINA (@UPFINAcom) May 27, 2020
South America’s largest carrier LATAM airlines filed for U.S. bankruptcy protection on Tuesday, just weeks after Colombia's Avianca went bust. Read more here: https://t.co/wpbQlSDPK7 pic.twitter.com/CcDB6SPhCO
— Reuters Business (@ReutersBiz) May 27, 2020
THE STOCK MARKET USED TO TRACK CONSUMER CONFIDENCE pic.twitter.com/5JysH8zfOL
— Win Smart, CFA (@WinfieldSmart) May 27, 2020
Over the last five years, through Q1 2020, pre-tax corporate profits have declined 2.9% per annum, the lowest reading in over 50-years.
Profits have annualized less than 2% growth since 2016. pic.twitter.com/YeS04tAI9x
— Eric Basmajian (@EPBResearch) May 28, 2020
US CORPORATE PROFITS:
Pre-Tax corporate profits declined 14% in Q1 2020. Profits are up less than 1% since Q3 2011. pic.twitter.com/DFFfVfIyQQ
— Eric Basmajian (@EPBResearch) May 28, 2020
Millions Of U.S. Jobs Are Never Coming Back From The Covid19 Recession
“We find three new hires for every 10 layoffs caused by the shock and estimate that 42% of recent layoffs will result in permanent job loss,”…