\u201cEconomist Burton Malkiel might have called the stock market \u2018a random walk,\u2019 but investors could at least use earnings guidance by companies as road signs. Now they are largely walking blind.\u201d With on-again, off-again tariffs, \u201cnobody knows what the economy will look like in a few months\u2019 time.\u201d Some companies are leaning heavily on assumptions. \u201cOthers, such as General Motors, PepsiCo and Procter & Gamble, have lowered targets, while Volkswagen excluded tariffs from its outlook. United Airlines, creatively, offered one scenario for a stable environment and another for a recession.\u201d Other companies have simply thrown in the towel. \u201cFord, Jeep-owner Stellantis, Delta Air Lines, and UPS took another route, scrapping their 2025 guidance altogether.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"
\u201cEconomist Burton Malkiel might have called the stock market \u2018a random walk,\u2019 but investors could at least use earnings guidance by companies as road signs. Now they are largely walking blind.\u201d With on-again, off-again tariffs, \u201cnobody knows what the economy will look like in a few months\u2019 time.\u201d Some companies are leaning heavily on assumptions. […]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[305,4004,16547,16324,2675,13,17,228,61,858,106,16546,16543,16544,269,2389,2585,13571,69,2893,3160,16545,5052],"class_list":["post-12866","post","type-post","status-publish","format-standard","hentry","category-global-news","tag-assumptions","tag-blind","tag-delta-air-lines","tag-earnings-guidance","tag-economist","tag-economy","tag-ford","tag-gm","tag-investors","tag-malkiel","tag-outlook","tag-pepsico","tag-procter-gamble","tag-random-walk","tag-recession","tag-scenario","tag-stable","tag-stellantis","tag-stock-market","tag-targets","tag-tariffs","tag-united-airlines","tag-volkswagen"],"_links":{"self":[{"href":"https:\/\/www.irken.jp\/gn\/index.php?rest_route=\/wp\/v2\/posts\/12866","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.irken.jp\/gn\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.irken.jp\/gn\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.irken.jp\/gn\/index.php?rest_route=\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.irken.jp\/gn\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=12866"}],"version-history":[{"count":2,"href":"https:\/\/www.irken.jp\/gn\/index.php?rest_route=\/wp\/v2\/posts\/12866\/revisions"}],"predecessor-version":[{"id":12869,"href":"https:\/\/www.irken.jp\/gn\/index.php?rest_route=\/wp\/v2\/posts\/12866\/revisions\/12869"}],"wp:attachment":[{"href":"https:\/\/www.irken.jp\/gn\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=12866"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.irken.jp\/gn\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=12866"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.irken.jp\/gn\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=12866"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}