Editor's Note: Below is a brief excerpt from today's Early Look written by Hedgeye CEO Keith McCullough. Click here to learn more about the Early Look.
1. In rate of change terms, we've been comparing against 5 consecutive quarters of DOWN earnings.
2. As you can see in today’s Chart of The Day, SP500 earnings were down, on a year-over-year basis from Q2 of 2015 to Q2 of 2016.
3. Calling for US profits to #accelerate in 2017 was the easiest base-effect call we made… but you shouldn’t expect it to continue in perpetuity.
