Investors just don’t seem to believe the good times can continue for Wall Street. Take Goldman Sachs for instance. Last week it reported record quarterly earnings per share, which were 75% better than consensus forecasts. It also had its highest quarterly return on equity, an annualized 17.5% rate, in a decade. Yet in the days since the stock has edged lower, by more than 2% since its report.

Source: Wall Street Journal October 19, 2020 19:08 UTC