Sunday, April 12, 2020

The Next Gauge of the Economy Will Be Corporate Earnings

Investor confidence along with many other types of confidence are going to be tested in the coming months as people respond to the effects of the coronavirus. The economy was doing pretty well prior to this and people's spending was strong. But I highly doubt that it'll pick back up to where it was until there are a number of signs that show that people will be safe leaving the quarantine. But in regards to investment, the article points out that, "investor optimism could be tested over the next three weeks as big companies report earnings fo the first three months of the year". This will be some of the first data that will come out that will show what exactly the coronavirus has done to the economy.

How big of a hit do you think there will be to the large companies dealing with the pandemic? And also on which companies do you think that the economic cost will hit hardest?


Link to article- https://www.nytimes.com/2020/04/10/business/stock-market-today-coronavirus.html

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