Every quarter, Goldman Sachs’ David J. Kostin and team publish their S&P 500 Beige Book, which looks at the key themes discussed on company earnings calls for the prior quarter.
The most recent issue, published on February 13, details the anecdotal evidence of fundamental and thematic trends from the earnings transcripts for corporate fourth-quarter and full-year 2016 earnings conference calls.
2016 Hedge Fund Letters
The four trends that dominated management conference calls and Q&A sessions last quarter were tax reform, regulation, fiscal spending and trade policy all of which are unsurprising given the new administration’s focus on these topics. The Goldman report contains extracts from 39 companies that account for 18% of total S&P 500 revenues and 23% of the...
