Visitors walk through Disneyland Park on February 25 in Anaheim, California. The crisis has cost Disney US$1.4 billion in lost profit last quarter. Photo: Getty Images/AFP Visitors walk through Disneyland Park on February 25 in Anaheim, California. The crisis has cost Disney US$1.4 billion in lost profit last quarter. Photo: Getty Images/AFP
Visitors walk through Disneyland Park on February 25 in Anaheim, California. The crisis has cost Disney US$1.4 billion in lost profit last quarter. Photo: Getty Images/AFP
Kerry Craig
Opinion

Opinion

Macroscope by Kerry Craig

US stocks have bucked the coronavirus downturn, but will corporate earnings halt their buoyancy?

  • The recent rebound in equities has been prompted by aggressive fiscal and monetary stimulus from central banks and governments, and a belief that the worst of the pandemic has passed. A deterioration in corporate earnings could stymie this trend.

Visitors walk through Disneyland Park on February 25 in Anaheim, California. The crisis has cost Disney US$1.4 billion in lost profit last quarter. Photo: Getty Images/AFP Visitors walk through Disneyland Park on February 25 in Anaheim, California. The crisis has cost Disney US$1.4 billion in lost profit last quarter. Photo: Getty Images/AFP
Visitors walk through Disneyland Park on February 25 in Anaheim, California. The crisis has cost Disney US$1.4 billion in lost profit last quarter. Photo: Getty Images/AFP
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