Editor's Note: Below is a brief excerpt from today's Early Look written by Hedgeye CEO Keith McCullough. Click here to try a free month of the Early Look.
Since #EarningsAccelerating in 2017 is largely a function of US #GrowthAccelerating for 4 straight quarters, but partly due to “recessionary profit comparisons” from 2016, what happens when the comps aren’t easy?
As you can see in the Chart of The Day, Q3 is the last glaringly obvious easy “compare” (comparative period from the prior year that data is reported against), so why isn’t Q3 Earnings Season potentially the beginning of the end of this major equity market tailwind?
Not knowing the answer to these questions isn’t the end of the world. Not knowing to ask yourself these questions is an entirely different level of complacency and ignorance that none of us can afford.
