The recent earnings guidance from Apple has hit a reset button on earnings growth expectation for the US stock market. Earnings per share (EPS) growth expectations for the S&P500 companies corrected sharply to the downside.Barclays Capital (Ba…
The Manufacturing ISM number did not surprise to the downside as Goldman’s GSAI was indicating (see discussion). The divergence between GSAI and the ISM has in fact widened, as the corporate sector exhibits a great deal of pessimism. Nevertheless US ma…
The Goldman Sachs Analyst Index (GSAI) hit a new post-recession low this month. The index is a composite of corporate outlook by industry from Goldman’s company research. In the past, the index generally fell in line with other economic activity indice…
