Three S&P 500 Datapoints Which Point To A Recession
Data point #1 – S&P 500 companies have posted a 4% drop in revenues.
Data point #2 – Growth is dead (healthcare is the exception due to Obamacare) . . . we just tallied two quarters of year over year declines in sales growth. Something that has not occurred since the start of the Great Recession.
H/T Charlie Bilello
Data point #3 – FactSet expects first half S&P 500 earnings to register at negative 0.7%, it’s weakest since 2009.
Source: Wall Street Journal
Disclosure: None.
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