Prior to networking and socializing at Davos 2020, many corporate CEOs participated in a new PWC survey about the global economy that was released on Monday just before the 2020 World Economic Forum at Davos started this week. 53% of global CEOs surveyed are now pessimistic about the global economy for 2020 as compared to only 29% last year. In others words, the amount of CEOs surveyed that have become pessimistic about the global economy has now increased by over 45%. Majority of CEOs expect global economy to cool in PWC survey: https://www.kitco.com/news/2020-01-20/Majority-of-CEOs-expect-global-economy-to-cool-in-PwC-survey.html US Treasury Secretary Steven Mnuchin (spinning reality?): CEOs are bullish on America (Do you believe him?): https://finance.yahoo.com/news/us-treasury-secretary-steven-mnuchin-ce-os-are-bullish-on-america-100113727.html Factset is showing some early signs of further issues with corporate profitability. Only a few months ago, the forecast for Q4 earnings growth was +5%. Now it is going negative quickly. S&P 500 earnings growth went from -1.5% forecast Dec 31 to -2.0% by Jan 10. As of Jan 17 when 9% of S&P 500 had reported earnings forecast for Q4 had dropped to -2.1%. Typically, once reporting starts actually happening the forecasts go up because more companies beat than miss but forecasts are getting worse with the actual data reported. https://insight.factset.com/sp-500-earnings-season-update-january-17-2020 S&P 500 Reports YOY Decline in Net Profit Margin for 4th Straight Quarter https://insight.factset.com/sp-500-reports-yoy-decline-in-net-profit-margin-for-4th-straight-quarter Please visit the Wall St for Main St website here: http://www.wallstformainst.com/ Follow Jason Burack on Twitter @JasonEBurack Follow Wall St for Main St on Twitter @WallStforMainSt You can also checkout the Wall St for Main St Facebook Fanpage at http://www.facebook.com/WallStforMainSt or the Wall St for Main St Facebook Group where you can learn and join in on the conversation! Commit to tipping us monthly for our hard work creating high level, thought provoking content that includes interviews with top experts, analysis and short videos about investing and the economy https://www.patreon.com/wallstformainst Also, please take 5 minutes to leave us a good iTunes review here! We only have about 75 5 star iTunes reviews and we need to get to our goal of 100 5 star iTunes reviews asap! https://itunes.apple.com/us/podcast/wall-street-for-main-street/id506204437 If you feel like donating fiat via Paypal, Bitcoin, Gold Money, or mailing us some physical gold or silver, Wall St for Main St accepts one time donations on our main website. Donate Crypto Currency to WS4MS: Send Bitcoin to: 1N5iDrazojYX5rWxmoyp982RDXJzJrFoPC Send Ethereum (ETH) to: 0x748dD59fA5d5dF80E8C0038DD4F60DAb810fe61a Send Litecoin to: MW7g44j5FX9CYEkvfPvxsW5dFjHY84yup4 Send DASH to: XuEEhWptwf1XxP2nFYQxmBfBBJYehqRoBJ Send Zcash (ZEC) to: t1MGcxyWpiH6JeyF9nnWHw9poRpvTW4PT6S Send Bitcoin Cash (BCH) to: qr7mp7f053rwnpxalxljl3f9x5tulzv53ya88d7wch Wall St for Main St is also available for personalized investor education and paid research work (we write research reports and teach). Please email us to learn more about the research work we offer at: [email protected] **DISCLAIMER- ANYTHING MENTIONED DURING THIS AUDIO OR SHORT VIDEO RECORDING IS FOR INFORMATION & EDUCATIONAL PURPOSES ONLY AND DOES NOT CONSTITUTE INVESTMENT ADVICE. JASON BURACK AND HIS GUESTS ARE MERELY STATING THEIR OPINIONS ON DIFFERENT TOPICS RELATED TO INVESTING, THE ECONOMY, MARKETS OR COMPANIES. PLEASE TALK TO YOUR INVESTMENT ADVISOR AND DO ADDITIONAL RESEARCH AND DUE DILIGENCE ON YOUR OWN BEFORE INVESTING AND MAKING IMPORTANT INVESTMENT DECISIONS.- DISCLAIMER**