CHART OF THE DAY: A Closer Look At Earnings "Beats" Vs. Earnings "Growth"

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.

"... What is American Goldilocks?

 

  1. Forget the 2-3-4%, we need GDP of 1% (but definitely not 0%)
  2. Earnings to “beat” beaten down expectations (and still be negative y/y)
  3. A Dovish Fed that pretends to be hawkish so they can go back to dovish
  4. The “but, but… the labor market is good” political narrative
  5. Stocks and Bonds near their highs for the YTD, at the same time

 

Yep. Don’t worry. We’re all in the 1% now."

CHART OF THE DAY: A Closer Look At Earnings "Beats" Vs. Earnings "Growth" - 08.08.16 EL chart