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Strategies & Market Trends : ajtj's Post-Lobotomy Market Charts and Thoughts -- Ignore unavailable to you. Want to Upgrade?

To: Jacob Snyder who wrote (58052)	4/27/2022 9:51:57 AM
From: Jacob Snyder	4 Recommendations Recommended By ajtj99 catou1 da_spot rimshot Read Replies (2) \| Respond to of 97556

QQQ: closed my entire short position just after the open. Today looks like a reversal, bouncing at the February-March lows.

To: Jacob Snyder who wrote (58052)	4/27/2022 10:43:03 AM
From: Jacob Snyder	2 Recommendations Recommended By ajtj99 Lee Lichterman III Respond to of 97556

Earnings recession? Analyst consensus estimates now put the net income of S&P 500 companies as a whole at 4.3% year-on-year growth during the first quarter (earnings per share is up 6.4%, but the net income number strips out the effect of share repurchases). But with inflation running at a 7.9% pace, that means that in real terms, earnings growth is now negative. Strip out the effect of the spike in the energy sector’s revenues (which at present represents only about 3% of the S&P by market capitalization), and the rest of the S&P 500 is probably tracking about a 7% earnings decline compared to last year. If this situation persists for another quarter, we can fairly call it an earnings recession…. seekingalpha.com