CHART OF THE DAY: Classic Wall Street Back-End Loading

Editor's Note: This is a chart and excerpt from today's morning note written by Hedgeye CEO Keith McCullough. Click here to learn more and how you can become a subscriber.

...As you can see in the Chart of the Day, after the Old Wall and its media got blindsided by the Q1 earnings season (smoked in January) it proceeded to cut earnings estimates for the 1st half of 2015. In the 2nd half (and 2016) it’s right back to rainbows and puppy dogs.

CHART OF THE DAY: Classic Wall Street Back-End Loading - Chart of the Day