From Breakingviews - Big Oil Mega-deals Would P...
From Breakingviews - Big Oil Mega-deals Would P... ---> https://shurll.com/2tDWLJ
Our assumption at the time was that we were unlikely to get the negative messaging on earnings from companies necessary for the final bear market low. Instead, our view is that it would likely take another quarter for business conditions to deteriorate enough for companies to finally change their minds on the recovery that is still baked into consensus forecasts. 781b155fdc