CNBC: “Investors are looking for some clarity from the new earnings season, but likely won’t get it”By admin_45 in IN THE NEWS
Excerpt from CNBC quoting DataTrek's Nick Colas:
.... "Strong 2021 earnings guidance is critical to confirm the foundation of the rally: that massive stimulus combined with an effective vaccine will result in a dramatic expansion of corporate earnings, beginning in the first quarter, and especially in the second, third and fourth quarters.
“The S&P IS NOT trading on Q4 numbers, but it IS trading on ... estimates for Q3 and Q4 2021,” Nicholas Colas of DataTrek said in a recent note"....
Read the full article here on CNBC!