Cartoon of the Day: Dead On Arrival

A brief update on earnings season:

1. 441 of 500 S&P 500 companies have reported their Q1 2016 numbers
2. Aggregate SALES growth is DOWN -2.4% year-over-year
3. Aggregate EARNINGS growth is DOWN -8.9% year-over-year
4. Ex-Energy (EPS -109% y/y), Financials have EARNINGS DOWN -14.3% year-over-year
5. Ex-Energy, Technology has EARNINGS DOWN -8.4% year-over-year