Markets S&P 500 stocks

Earnings Recession Ahoy?

Paging Mike Wilson: it looks like that earnings recession call might prove prescient.

Paging Mike Wilson: it looks like that earnings recession call might prove prescient.
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7 comments on “Earnings Recession Ahoy?

  1. Stephen Andrew

    Walter – I collect what I fel or good quotes. Please let me know if you are OK with me using the following in any future distribution of the quotes i have collected:

    • “If you spread fear, it looks like you have a deep knowledge of things. If you are calm, it is like being ignorant.” – Walter White (aka The Heisenberg)

    Many thanks for your work – I don’t know how you produce so much and so fast!

  2. Harvey Darrow Cotton

    “What I came to realize is that fear, that’s the worst of it. That’s the real enemy. So, get up, get out in the real world and you kick that bastard as hard you can right in the teeth.”

    “Who are you talking to right now? Who is it you think you see? Do you know how much I make a year? I mean, even if I told you, you wouldn’t believe it. Do you know what would happen if I suddenly decided to stop going into work? A business big enough that it could be listed on the NASDAQ goes belly up. Disappears! It ceases to exist without me.”

    -Walter White

  3. Stefano Vitti

    Dear Heisenberg. the earnings recession has already started. It is there, in the second of your fancy charts. During Q1-Q3 earnings growth was above 23%, for Q4 it is below 15%. Given that, as everybody knows, most of the earnings growth, perhaps 15%, was due to tax cuts, it seems that in Q4 the real growth was either near zero or negative. The real growth could be easily calculated by comparing pre-tax earnings, but apparently none of the tens of thousands of Wall street analysts is interested in such exercise. As for 19Q1, expected growth has gone from +5% to negative in one month, perhaps by April it will be down to -10% but then 70% of companies will still BEAT expectations. It’s the greatest show on earth, isn’t it?

  4. Recognition drives fear. Thanks for this writeup regardless.

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