Friday's spending &amp; saving rate had an impact on projection for 2nd quarter GDP.
Which explains why "Analysts have made largest cuts to $SPX EPS estimates for Q2 (-35.9%) over the first 2 months of a Q since FactSet began tracking this data in Q1 2002."
https://t.co/YjDgs2c7tZ https://t.co/RtGyKsCWPs