Surveillance: Rajappa's Recession Call
Bloomberg Surveillance
The Connection of Economics to the Markets
If we get some form of real GDP like the surprise of America, does that provide persistency to corporate revenues forward? We'll be looking at earnings, actually at earnings growth over the last 30, 40 years. Consensus expectations, again, are only for flat growth, Q2 over Q1. They've been massively downgraded for cyclical sectors. Even tech earnings expectations have been downgraded by more than 10% in the last five months.
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