A Quick Update On (Ugly) S&P Earnings & (Nasty) YTD Sector Performance

Takeaway: Financials are getting shellacked this year. Utilities are up. Meanwhile, all but 3 of 10 S&P sectors reported negative earnings growth.

A Quick Update On (Ugly) S&P Earnings & (Nasty) YTD Sector Performance - Earnings cartoon 11.03.2015

 

Below are charts and analysis from Hedgeye CEO Keith McCullough on sector performance and quarterly earnings. It's not pretty.

 

Year-to-date sector performance...

 A Quick Update On (Ugly) S&P Earnings & (Nasty) YTD Sector Performance - sector performance 1

 

"Get the macro call on growth right, you get rates and sector styles right – Financials (XLF) down to -14.4% YTD vs. Utes (XLU) up (again) on the day yesterday to +7.6% YTD – overbought, yes – but we’re staying w/ this TREND long/short call."

 

S&P 500 Quarterly Earnings... 

 A Quick Update On (Ugly) S&P Earnings & (Nasty) YTD Sector Performance - S P Rev   Earnings Comps

 

"Get corporate profits (slowing to negative y/y) and credit spreads right, you’ve gotten a lot of other things right - with 335/500 companies reporting SP500 Revs -4.4% y/y and EPS -6.2% y/y (only 3 of 10 sectors have + EPS growth y/y)"

 

Keep your head up and stick with us. Macro markets are getting ugly.


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