Earnings Will Take Up to 4 Years to Recover, Leuthold Says
That’s the max for EPS retreats in the past, and this recession will be a lulu, the firm’s Ramsey believes.
Market Moves
Singer: Look for Another Market Slide, to 50% Below Peak
Deep recession will deliver stocks a second tumble, hedge fund heavyweight says.
Dalio Says Holding Government Bonds Now Is ‘Crazy’
Tiny or negative yields make fixed income a bad idea, hedge fund honcho declares.
No Vaccine? Then Look for 18 Months of Shutdowns
Fed’s Kashkari warns of new flare-ups that could push economy back into an induced coma.
Here’s How Rotten Corporate Earnings Will Be This Year
Analysts say EPS should be 8.3% in the red, although that may be too sanguine.
Ackman Scored $2.6 Billion on Bond Bets as Markets Sank
After toying with cashing in all his assets, the investor placed a canny wager against corporate fixed-income.
Fitch Downgrades Outlook Again as Pandemic Worsens
Agency sees ‘deep global recession,’ says immediate hit will be worse than global financial crisis.
What Bear Market? Why the More Solid Stocks May Be on the Upswing
While more overall market misery likely is in store, this bunch should be headed higher, SunTrust’s Lerner says.
Battered Shale May End up in Good Condition, Goldman Says
The upstart industry’s flexibility is a big advantage to its longevity amid an oil price war, the firm believes.
The Worst Might Be Over for Stocks, JPM Says
Despite a chorus of skepticism, the bank lays out how the market may have stabilized—with caveats, of course.
BlackRock CEO Believes Economy Will ‘Recover Steadily’
Larry Fink says pandemic has sparked re-evaluation of global economy and that ‘the world will be different’ post COVID-19.
What Stocks Should Emerge First, Post-Crisis?
Think Asian tech firms. That’s the reasoning of Wellington Management.
Bridgewater Scales Back European Shorts After Cashing In
Firm nets $4 billion in shorts, settles on singular stock strategy with Commerce Bancshares.
Coronavirus Crisis Is ‘Crushing’ Global GDP Growth
Fitch Ratings slashes global growth forecast nearly in half to 1.3%.
New York Expects ‘Sharp Fall’ in Wall Street Bonuses
Commissions in the securities industry have dropped during other financial crises. In 2008, they fell 47%.