South Korean exports are sinking lower – and with no rebound in sight. . .
What does this mean going forward for global earnings?
Well – it tells us that things are still looking grim.
For instance – just look at the percentage of S&P 500 companies expecting negative earnings this quarter. . .
This shows more than 80% – four-out-of-five – companies expect negative earnings.
But what’s really troubling is the decline in quarter-over-quarter (Q4/18 – Q1/19) earnings growth across all sectors in the S&P 500 (the blue bar represents Q1/2019). . .
These companies are seeing significant declines in their earnings – meaning less income. And that’s not a sign of a healthy economy.