BREAKING: Earnings Season Still A Hot Mess

10/22/15 08:57AM EDT

Are we entering an earnings recession?

It's a question we've been posing for a while now. Here's a quick look at where we stand right now. 

BREAKING: Earnings Season Still A Hot Mess - 10 22 2015 earnings

As we outlined in our Q4 macro deck, earnings recessions have preceded economic recessions in the last 3 cycles. 

BREAKING: Earnings Season Still A Hot Mess - 10 22 2015 EARNINGS REC

Investors beware. 

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