About those stock market fundamentals…
Here are three major signs the coming quarter for corporate earnings is going to disappoint investors:
1) Companies’ forward guidance for the quarter has been the worst Reuters has ever recorded, “by a wide margin.”
2) Companies’ negative pre-announcements regarding the coming quarter’s earnings have outpaced positive ones by a factor of 11, the highest negative ratio Strategas has ever recorded.
3) The latest GDP report showed massive inventory building while real final sales fell below 2%, a level that has marked the beginning of every recession over the past 50 years:
via Business Insider