Earnings Season: So Far, No Good

10/19/15 08:55AM EDT

Earnings Season: So Far, No Good - earnings cartoon 01.27.2015

"EPS ex-Energy" is a joke - Industrials and Cyclicals are already in a profit recession - Financials & Banks next.

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Earnings Season: So Far, No Good - 10 19 2015 Earnings

EPS growth slowing, combined with US consumer confidence falling (from cycle peak) are 2 of the Top 3 leading indicators for a US recession.

Earnings Season: So Far, No Good - 10 19 2015 eps inflecting

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