Earnings

Chart suggests earnings aren’t just slowing they’re going negative

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Economic forecaster Lakshman Achuthan has a warning for investors: Brace for earnings to go negative.

According to the Economic Cycle Research Institute co-founder, the global slowdown is unleashing major challenges for U.S. corporations.

Achuthan turns to a chart of S&P 500 earnings growth to build his case.

“Every time you have a cyclical slowdown in growth, you have a big comedown in the growth of operating earnings,” he told CNBC’s “Trading Nation ” on Wednesday. “We have in the current slowdown a big comedown — a kind of plummeting — of earnings growth following that boost from the fiscal push earlier in ’18.”

His call comes less than a week before second-quarter earnings season…



Source cnbc.com

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