Earnings Season Is Here

Earnings Season Is Here

Assuming market participants can somehow focus on corporate fundamentals amid what is sure to be a deafening cacophony of stimulus soundbites and election jostling, earnings will come into focus in the new week. Corporate America suffered a catastrophic plunge in profits during the second quarter, but as bad as it was, it could have been worse. Early estimates projected a veritable profit apocalypse, and even on the eve of Q2 results, consensus was still looking for a ~43% drop. Ultimately, th
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