Profits Are Threatened, Citi's Wieting Warns

The video discusses the current period of high profits and their vulnerability, predicting a decline in EPS for 2023. It highlights that not all industries will see a profit plunge, and the positive impact of fiscal stimulus on demand and profits. The video also covers the expected downward revisions in earnings estimates and how share prices may already reflect these changes.

What factors contribute to the vulnerability of companies during high profit periods?

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What is the expected trend for EPS in 2023 according to the text?

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How did fiscal stimulus impact demand and profits according to the speaker?

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What does the speaker imply about the future of EPS gains following the current year?

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What is the speaker's perspective on share prices in relation to earnings estimates?

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