Your statement is factually wrong. The article doesn’t claim Goldman strategists are predicting the worst quarter for profits/EPS since the start of the pandemi

Your statement is factually wrong. The article doesn’t claim Goldman strategists are predicting the worst quarter for profits/EPS since the start of the pandemic. They are predicting the steepest YoY decline in profits/EPS. By about 7%. There’s a huge difference. What they’re predicting probably means profits will still be a lot higher than many quarters in the pandemic, and much higher than Pre-pandemic profits. https://ycharts.com/indicators/sp_500_eps https://ycharts.com/indicators/sp_500_eps Most of the 2010s had EPS in the 20s. The late 2010s (2018 onwards…right after the massive tax break incidentally) has an EPS in the 30s. It drops to the teens in the beginning of the pandemic, rising to peak above 50, and is still in the mid 40s. A 7% drop would still keep EPS in the 40s, well above anything it touched Pre-pandemic. What’s worst is that this is with the backdrop of a much stronger dollar than ever, which means that these dollar earnings are increasing after compensating for conversion losses from the RoW, which indicates American consumers are being charged a lot more money.