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S&P 500 on track for first back-to-back decline in earnings since 2009

Discussion in 'Technical Analysis' started by FXStreet_Team, Nov 10, 2015.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    Two weeks ago, we discussed how US companies were performing midway through Q3 earnings season , characterizing the results so far as “mixed.” Now that nearly 90% (444) of the companies in the S&P 500 have reported earnings, we wanted to revisit that analysis, especially in the light of the more hawkish Federal Reserve and last week’s stellar October jobs report . Thus far, 74% of the reporting companies have beaten their consensus earnings estimates; As we noted two weeks ago, this number

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