What’s the fuss with macro? I am certainly not an advocate of market timing and I agree with the notion that trying to profit from timing market peaks and bottoms is a fool’s errand. As Buffett says Macro is important but unknowable so focus on the knowable i.e. focus on company fundamentals for the businesses […]
Earnings Recession
An earnings recession in the US on the cards
As David Rosenberg from Gluskin Sheff tweeted this morning: The earnings recession has started. At the end of Sept, the consensus was +6.7% for YoY EPS. By end-2018, that estimate was down to +3.3%. And now -0.8%, with six of the eleven sectors in negative terrain. — David Rosenberg (@EconguyRosie) February 11, 2019 It’s the […]