標準普爾500指數

$SPX: Q2 Earnings PDF ( No Chart of Consequence)

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The year over decrease in earnings is expected to be minus 5.6%, marking five consecutive quarters of earnings declines.

Excluding energy, the expected decline would improve to minus 1.8%.

And the fact that we are within 32/33 points or so of setting a record high is nothing less than stunning, suggesting a yawning disconnect difficult to grasp.

factset.com/websitefiles/PDFs/earningsinsight/earningsinsight_7.1.16

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