![‘Collapsing’ Fundamentals And Fingers Crossed For The Future](https://i0.wp.com/heisenbergreport.com/wp-content/uploads/2020/10/MirrorCameraOctNumbersChart.png?fit=1152%2C638&ssl=1)
‘Collapsing’ Fundamentals And Fingers Crossed For The Future
It probably won't surprise you to learn that the S&P 500's entire gain in 2020 is attributable to valuation expansion -- how could it be otherwise? This hasn't exactly been a year defined by improving fundamentals and a favorable macro backdrop.
Although Q2 earnings season was better than feared, it was still very bad -- so bad, in fact, that most investors simply wrote the second quarter off as a lost cause in an effort to look ahead to brighter, healthier days, both for corporations and t
Just shooting from the hip here, but doesn’t seem like the lower, corporate tax rate and reduced regulation burden really did any good when it was needed most, in time of a crisis for these companies. Brilliant financial engineering the last few years but not too much else to show for it aside from maybe 20 companies.
Let’s face it, this is all an economic catastrophe that is going to take years to recover from, with a immeasurable human toll along the way. So sad.