Podcasts Technology HyperChange How Much Further Could The S&P Fall?

How Much Further Could The S&P Fall?

Published: March 23, 2020, 11:38 p.m.

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S&P 500 earnings estimates for 2020 are dropping rapidly, as analysts price in the impact of this unprecedented economic crisis. Estimates have fallen more than 4% in just the past month, and I think they will fall another 10% (at least) next month. Right now, my rough guesstimate for 2020 S&P 500 EBIT per share is $100 ... about 39% lower than they were in 2019 (~$163). What is your guess? Do you think markets will fall lower?

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