How to Think About the Stock Market When Earnings Guidance Becomes Meaningless - WSJ
1. BMW predicts revised 2025 financial guidance based on tariff rollback assumptions. 2. Analysts doubt BMW's optimism, with skepticism highlighted by Deutsche Bank. 3. Goldman Sachs sees a 45% recession risk despite current market stability. 4. S&P 500 earnings forecasts downgrading suggest potential for an economic slowdown. 5. Value stocks outperform as investors shift focus away from speculative investments.