18 days ago • Posted by Charles-Henry Monchau
Chart of the day: This is the strongest S&P 500 earnings revision in the first quarter since 2000.
This has been a very different year, for many reasons. One smaller such thing is that earnings revisions are not behaving in the same way as they normally do (they almost ALWAYS get revised down through the year). Not so this year. This is the most extreme since 2000. Has sell-side gone too bullish by extrapolating a sharp temporary rebound into the rest of the year? Source: The Market Ear