Stock market sees disturbing start to earnings season: Goldman Sachs

Stock market sees disturbing start to earnings season: Goldman Sachs

Earnings season has started with a whimper, at best.

Of the 64 S&P 500 companies that have reported fourth quarter earnings so far, a slightly below average 52% have beaten analyst consensus earnings estimates, points out David Kostin, Goldman Sachs chief U.S. equity strategist. 

But it's guidance — or lack thereof — that has been the biggest red flag as companies battle through unpredictable inflation and varying COVID-19 issues.