His 13.4% yearly corporate profit increase, admittedly over just three years, is bested only by Obama’s 26% over eight, CFRA’s Stovall finds.
Pummeled shares will take a lot longer to recover than normal, Allianz economist says.
Earnings growth is threatened by the epidemic, which has shut down much of China’s economy, strategist says.
Unexciting economic growth and the Chinese virus are among the ills that could ruin predictions of an electrifying rebound.
A 1% reduction is taking shape, with most companies already reporting, and things could’ve been worse.
But even if they stay in the black, they will be puny compared to 2018’s blowout.
After an eight-year run, Fed rate cuts and a slowing economy are seen as poised to weaken it.
Record leverage, at 46.6% of GDP, leaves companies vulnerable, says economist Lonski.