S&P 500… The massive recovery has been fully driven by dovish central banks, despite unexciting earnings and guidance. pic.twitter.com/laRBMWxj9g
— Daniel Lacalle (@dlacalle_IA) February 5, 2019
The whole problem in markets has been the Fed and China. Both have had a major interest in keep markets afloat into 2 things
State of the Union – Fed
Chinese New year – PBoC— mcm-ct.com (@mcm_ct) February 5, 2019
Consumer loan demand rolling pic.twitter.com/jn7a7eu0vf
— Teddy Vallee (@TeddyVallee) February 5, 2019
Tax cut bumped up earnings in 2018, but is now gone
SPX Operating Earnings
2017 – Q3: 7.66%
2017 – Q4: 16.15%
2018 – Q1: 24.50%
2018 – Q2: 24.43%
2018 – Q3: 25.83%
2018 – Q4: 12.45%
2019 – Q1: -0.48% Estimate https://t.co/MxT1nAdxHO— Anil (@anilvohra69) February 5, 2019
Earnings are now expected to go from a 26% growth rate to negative growth in just two quarters. pic.twitter.com/bP6FNJEJ2d
— Bianco Research (@biancoresearch) February 5, 2019