Has The Global Earnings Recession Finished, Morgan Stanley Asks And Answers
After four consecutive quarters of declining EPS for the S&P (including the estimated 9% plunge in Q1 earnings) is it time to declare victory over the global earnings recession? Here is the answer according to Morgan Stanley's Jonathan Garner.
Has the Global Earnings Recession Finished?
We think it's too soon to declare that the global earnings recession has finished and remain neutral equities in our asset allocation framework.