The number of companies suspending guidance since 4/1 is the same amount as 3 weeks into the pandemic

After being struck by the growing list of companies who are suspending guidance, I started researching today how it compares with the early days of the pandemic. As stated in the post title, the number today (i.e. 35 companies) is equivalent to the amount 3 weeks into the pandemic. (in total, the pandemic ended up with over 800 companies suspending guidance.) While suspending guidance isn't a straight up indicator of a recession, the surge in guidance suspensions across multiple sectors, especially among large-cap or economically sensitive companies, is a strong warning sign of economic distress.

Here's a list of the current companies who have suspended guidance:

- General Motors
- Ford Motor Company
- Stellantis
- Volvo Cars
- Mercedes-Benz
- Polestar
- United Parcel Service (UPS)
- Delta Air Lines
- American Airlines
- Southwest Airlines
- JetBlue Airways
- Frontier Group Holdings
- Alaska Air Group
- Procter & Gamble
- PepsiCo
- Skechers
- Masco Corporation
- Snap Inc.
- Thermo Fisher Scientific
- Logitech
- Walgreens Boots Alliance
- Avery Dennison
- Cummins Inc.
- Harley-Davidson
- Church & Dwight
- Becton Dickinson
- McDonald's
- Character Group
- Diageo
- Spin Master
- Belluscura
- AlphaWave IP Group
- PageGroup
- Autins Group
- Mattel (just this evening)