CHART OF THE DAY: Earnings Slowing

How about the real-time ROC (rate of change) on Q418 US Earnings Season? 

1. 412 of the SP500’s companies have reported aggregate year-over-year EPS growth of +10.85%
2. That’s the slowest growth rate of the Q418 Earnings Season (it was tracking +12-14% prior)
3. That’s #slowing, big time, from the #PeakCycle EPS growth rate of +24-25% in Q2 and Q3 of 2018 

But no worries, with 3 of the 10 SP500 Sectors already showing NEGATIVE year-over-year earnings growth, this must “all be priced in” without having had to lap the toughest compares since Q3 of 2000 (+23%) six-to-nine months from now.