We are in an earnings recession, and it is expected to get worse…Stock market’s eerie parallels to September 2007 should raise recession fears
The S&P 500 is officially in an earnings recession for the first time in three years, and the trend is expected to get worse in the third quarter. The entirety of the S&P 500 index SPX, +0.03% has reported results for the second quarter, showing an average earnings drop of 0.35%. Components posted a 0.29% decline in earnings … Read more