Although the first quarter was a wipe-out for plans, a surge in a special-strategy segment of the portfolio limited the damage in the smallest state.
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.