Good but not great

There is no question a trend has developed with each earnings release during COVID. At first companies were basically clueless about what the true impact of COVID would be. Some decided rather than guess the prudent move was to pull future guidance. As we moved into the second quarter the COVID picture became clearer and for many the impact wasn’t as bad as first thought. Those who pulled guidance reinstated others adjusted their revised guidance upward. As we now move into the third quarter companies seem to have a better feel of COVID, with the natural caveat that things . . .

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