Excerpt from Business Insider quoting DataTrek’s Nick Colas:
…. “But this time around, it could just be one year for corporations to hit new records in profits.
“Start with a solid base of corporate earnings in Q3 2020, add what we all hope is a highly effective virus vaccine, stir in still-low interest rates and decent consumer spending, and you SHOULD get record high 2021 earnings,” DataTrek co-founder Nicholas Colas explained.
Two factors that will likely drive the swift resurgence in corporate profits are “dramatic earnings leverage in cyclical sectors” and “continued high levels of profitability in sectors that ‘won’ 2020 (tech, mostly),” Colas said”….
Read the full article here on Business Insider!