Below is a chart and excerpt from today's Early Look written by CEO Keith McCullough.
It’s still very early in Earnings Season, but here’s the real-time update on what’s been reported: A) 39 of the SP500’s companies have reported an aggregate year-over-year EPS DECLINE of -14.5% “Great quarter guys.” Lol. Since I was stuck in traffic yesterday until 9AM, I had the opportunity to listen to a bloviating (and bullish) Joe Kernen ask Cramer for his hot take on “why stocks were up” (Friday and pre-open Monday). He said “Wells Fargo and Citi – phenomenal quarters!” (or some pablum like that). |