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SSO - Look At 2021 (And Forward Quarters) For A Better Read On Earnings
ProShares Ultra S&P500
Q1 '20 S&P 500 earnings are going to reflect (probably) a strong January and February 2020 and then a very weak March 2020, while the second quarter will / could reflect a very weak April 2020 and then a slowly improving May and June 2020.
The difficulty with earnings watchers such as myself is how to handicap the US economic shutdown that was the equivalent of driving a car down an expressway at 60 MPH, with everything going smoothly and then throwing the car into park.
Here is one suggestion: use the annual and quarterly