‘Little Wonder!’ Here’s The ‘Bad News’ About Earnings

‘Little Wonder!’ Here’s The ‘Bad News’ About Earnings

Just a quick note on something we happened to glance at this evening. So there's good news and bad news as we head into Q3 earnings season. The good news is that earnings have been, well, good. The bad news is, y/y earnings growth is expected to be subdued this quarter and on top of that, sensitivity to earnings is even higher than usual. We'll get to that latter, bolded point in a second, but first, recall this very simple chart from Goldman: From "bigly" in Q1 and Q2 to not so "bigly
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