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Weekend Notables: Trump Calls Xi, Goldman Slashes U.S. Growth Forecast, Fed Call
As is customary, Donald Trump spent Saturday holed up in the White House shrieking into the Twitter
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Sounds about right to me
Is +2% gdp consistent with SP50 eps +6% in 2019.
+4% revenue, flat margins, -2% share count = +6% eps.
Wait, flat margins? Wages +3%, energy -20%, operating leverage, debt service up, etc – seems quite possible.
Now, SP50 consensus eps is +7-8% but obviously no one believes it. +6% might be good enough.