Earnings Season is Here
In April, we increased our forecast for U.S. gross domestic product (GDP) growth in 2021 to 6.25%—6.75%, up from 5%—5.5%, due to prospects for a full reopening of the U.S. economy, massive stimulus, and Federal Reserve (Fed) support. We have also raised our S&P 500 Index earnings per share (EPS) forecast for 2021, to a…