Relief Rally Nearing Exhaustion as Seasonally Weak August Approaches - BTIG

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JPMorgan Raises US Q2 Real GDP Forecast to 1.4% from 0.7%

July 27, 2022 9:47 AM EDT

JPMorgan Raises US Q2 Real GDP Forecast to 1.4% from 0.7%

... More

This is Just the First of Likely Several Disappointing Quarters - Morgan Stanley

July 25, 2022 6:16 AM EDT

Morgan Stanleys Michael Wilson once again reiterated his bearish stance on U.S. equities as companies continue to report on their Q2 performance.

Wilson took note of plunging revision breadth, especially noticed in sectors like Consumer Durables, Financials, Industrials, Materials, Semis, Tech Hardware, and Telecom Services.

We believe this is just the first of what is likely to be several disappointing quarters before estimates finally trough.... More

Goldman Sachs Sees Many Firms Missing Q2 Revenue Estimates on Strong Dollar

July 25, 2022 5:53 AM EDT

Several firms that missed Q2 revenue estimates have recently blamed the strong U.S. dollar. Goldman Sachs calculation shows that a 10% appreciation in the trade-weighted dollar creates a 2-3% impact on EPS.

David Kostin, Goldman Sachs chief U.S. Equity Strategist, sees many more companies reporting weaker-than-expected Q2 revenue numbers due to the strong greenback.

However, there is a huge difference in the impact produced by the strong dollar when... More