10/27/22 07:43 AM EDT

CHART OF THE DAY: Communications Aggregate Earnings Have Crashed -24.3%

Keith McCullough

Below is a chart and excerpt from today's Early Look written by CEO Keith McCullough.

BREAKING: EARNINGS SLOW TO NEW CYCLE LOWS

A) That headline is nowhere in your Old Wall media this morning … but
B) It’s 100% empirically true

“but, but, KM… stop tweeting facts”:

A) 189 of the SP500s companies have reported an aggregate year-over-year EPS DECLINE of -3.3%
B) Communications Sector aggregate earnings have crashed -24.3% year-over-year

“but, but… if you back out META Bubble and don’t back out Energy”:

CHART OF THE DAY: Communications Aggregate Earnings Have Crashed -24.3%

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