U.S. Braces for Worst Earnings Season Since 2009 Crisis: Chart

[Purveyor]

April 7, 2016 — 6:30 AM EDT



U.S. corporate profits are expected to drop the most in 6 1/2 years in the first quarter, led by a wipeout in the embattled energy sector.

Earnings for companies in the Standard & Poor’s 500 Index will fall 9.8 percent year-over-year, which would be the sharpest decline since the third quarter of 2009 and a fourth consecutive quarter of contraction, according to Bloomberg data.

Results will be insufficient to justify current stock valuations, says Alex Bellefleur, head of global macro strategy and research at Pavilion Global Markets.

http://www.bloomberg.com/news/articles/2016-04-07/u-s-braces-for-worst-earnings-season-since-2009-crisis-chart

[wendylaroux]

1. what? I thought everyone was doing soooo great now!

I'm shocked

[Hiraeth]

2. K&R

[sharp_stick]

3. It's all energy

so it probably won't be anywhere near as destabilizing as the banking sector. Amazing how big a piece of the pie it covers.