Earnings Estimates Have to Be Scaled Back, Citi's Levkovich Says

The video discusses the focus on balance sheets, market expectations for the second quarter, and the importance of providing better guidance and structural cost reduction. It highlights the need for normalization in 2021 earnings and presents survey insights indicating that current earnings estimates may be too high.

What is the overall sentiment regarding market normalization?

What do the clients think about the earnings estimate of $164?