CHART OF THE DAY: Earnings Season Reality Check

04/25/16 07:28AM EDT

Editor's Note: Below is a brief excerpt and chart from today's Early Look written by Hedgeye CEO Keith McCullough. Click here to learn more.

"... Do (or did) you believe that growth would slow this fast, from 3% to 2% to 1%?

 

Or did you believe in it so clearly that you knew that the Financials (XLF) would start Earnings Season with the following reality:

  1. 32 of 90 “Financials” in the SP500 have reported their respective quarter
  2. Aggregate Earnings (non-GAAP!) are currently -17.0% year-over-year
  3. Financials (XLF) had their “reflation” rally now too (back to -1.2% YTD)"

CHART OF THE DAY: Earnings Season Reality Check - 04.25.16 chart

© 2025 Hedgeye Risk Management, LLC. The information contained herein is the property of Hedgeye, which reserves all rights thereto. Redistribution of any part of this information is prohibited without the express written consent of Hedgeye. Hedgeye is not responsible for any errors in or omissions to this information, or for any consequences that may result from the use of this information.