Earnings Continue Decline
Wall Street told investors that earnings will broadly rebound in 2024. Anything but – earnings results continued to slip.
Bear Market Persists - Be Cautious
A handful of stocks are responsible for the YTD S&P 500 return, the broad market remains in a bear trend.
Stock Market Loses -34% During a Recession, On Average
The S&P 500 has lost an average of -34.9% during the last 14 recessions, going back to the 1920s.
STOCK MARKET RETURN -13% WITHOUT A HANDFUL OF STOCKS
If it wasn’t for a small number of mega cap stocks the 2020 stock market return is negative.
How Far Do Earnings Typically Fall in Recessions?
Drops of 20% or more during recessions are not uncommon.
Earnings Plummet Almost -50% During a Bear Market
Bear Markets bring both a dramatic drop in corporate profits and stock prices.
CORPORATE EARNINGS HAVE BEEN FLAT FOR MANY YEARS
Corporate profits have been flat for 8 years.
