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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 void about walls, slat fences, Dems, Witch Hunts, Hoaxes, dead Guatemalan children and star-crossed FBI lovers.
Wedged between a rant about "Presidential Harassment" and a truly unfortunate tweet blaming Democrats for deceased babies, Trump squeezed in the following non sequitur:
Just had a long and very good call with President Xi of China. Deal is moving along very well. If made, it will be ve
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.