This is bad news

"Total Q3 earnings for the S&P 500 index are expected to be down -5.7% from the same period last year on an equal decline in revenues. This would follow the -2.1% decline in earnings on -6.4% lower revenues in the preceding quarter."

This outlook from Zacks is bad news and reinforces my idea the economy is slowing down to dangerous levels. It may even force the hand of our leaders to come up with some sort of stimulus not tried yet.

Stay tuned. 

George Dagnino, PhD
Editor, The Peter Dag Portfolio
Since 1977

Author, Profiting in Bull and Bear Markets

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