Q3 was supposed to be the trough. Q4 comin' down still pic.twitter.com/GbJGC1Chyg
— Eric Basmajian (@EPBResearch) November 15, 2019
With 92% of the companies in the S&P 500 reporting, the blended earnings decline for the index for Q3 is -2.3%: Factset.
Meanwhile, Q4 EPS is now also projected to be negative, as the S&P is now knee-deep in an earnings recession pic.twitter.com/Mg5hJm2Oxn
— zerohedge (@zerohedge) November 16, 2019
the full year 2020 s&p500 eps estimates continue to shift lower pic.twitter.com/nWa1Uf5P58
— Alastair (@StockBoardAsset) November 16, 2019
The composite of industrial production, nonfarm payrolls, real personal income, and real personal consumption has slowed to 1.5%. Roughly the same as the trough in 2016. pic.twitter.com/m2ku3sXUQK
— Eric Basmajian (@EPBResearch) November 15, 2019
Everyone will blame GM again for the IP numbers but excluding motor vehicles and parts still shows continued deceleration. pic.twitter.com/EjoP74BCiZ
— Eric Basmajian (@EPBResearch) November 15, 2019
Total retail sales growth decelerated to 3.10% year over year. pic.twitter.com/U1mQTUMznc
— Eric Basmajian (@EPBResearch) November 15, 2019
fed and gov't officials said to ignore the yield curve inversion — then several months later, gdp estimates for q4 collapse to nearly 0%! pic.twitter.com/B7IEMRB3OH
— Alastair (@StockBoardAsset) November 17, 2019