now for today's Wall Street bead Goldman
Sachs predicting a glooming earnings
season that may be just as bad since the
beginning of the pandemic that is a
pretty bold call just three sectors
energy Industrials and consumer
discretionary are forecasted to report
improved margins analysts saying the
majority of other Industries will likely
see their shrink by more than get this
200 basis points the upcoming earnings
season will have Traders looking for
signs of an economic slowdown while
assessing how companies have navigated
the headwinds of higher rates banking
system stress on top of that slowing
demand now this season comes as the
earnings yield on the S P 500 is
slightly higher than cash and near the
smallest premium in the past two decades
this chart is all about this major
decline here Banks looking to kick off
next wave of earnings on April 14th when
JP Morgan Wells Fargo and Citigroup
report results and it doesn't even take
into account the Regional Bank earnings
that we're getting as well a lot to
digest in terms of just how much pain is
actually in the economy everyone's
saying the ACT is tomorrow it might just
be next week keep an eye on that we're
going to bring you all that live
coverage on Bloomberg TV and Bloomberg
Radio