Editor's Note: Below is a brief excerpt and chart from today's Early Look written by our Director of Research Daryl Jones. Click here to learn more about the Early Look.
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While only 25 companies have reported so far, earnings for the SP500 are coming in down a nasty -10.9% so far in the quarter. This of course jives with one of our key Q3 Macro Themes, appropriately named (and hash tagged) #EarningsRecession. In part, of course, this is related to tough comparisons and as the Chart of the Day shows, earnings growth comparisons for Q2 and Q3 are very challenging. Now what doesn’t jive is a stock market up double digits and earnings down double digits . . . |
