credit suisses jonathan golub is painting a more bullish picture for corporate america with earnings season officially underway its going to get better and better as we progress throughout 2021 for their profits the firms chief us equity strategist told cnbcs trading nation recently jpmorgan chase citigroup and wells fargo kicked off the season on friday in aggregate they really crushed it golub said youre going to see the same thing and youre seeing that in all kinds of capital market activity and trading activity things related to interest income and the like overall he believes wall street is too pessimistic on sp 500 earnings growth this season refinitiv estimates it will fall by 10 in the fourth quarter meanwhile golubs forecast reflects a 4 dip in growth and hes not ruling out a slight gain in a recent earnings outlook note golub wrote unusually robust analyst revisions points to further upside to corporate profits separately history indicates that strong ism readings like last weeks 607 is highly correlated with beats on trading nation last month golub had a more nuanced view he wanted to wait for more clarity on policy under the biden administration before making a major call but with the outcome of georgias senate runoffs finalized he speculated a blue wave will provide additional coronavirus aid to the economy and help businesses in 2021s first week golub increased his sp 500 yearend forecast to 4200 from 4050 an 115 jump from fridays close not only did golub reference the blue wave but he also listed economic reopenings and pentup demand for his bullishness