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SPXN - The Earnings Outlook Weakens So Too Will The Stock Market
ProShares S&P 500 Ex-Financials
As earnings go, so will the stock market, and with earnings season now half over, things are not looking good. Earnings estimates for the S&P 500 are dropping quickly, and that is leaving stock at elevated levels and vulnerable to a sharp decline.
Earnings Season Is Not Strong
According to the latest data from S&P Dow Jones, 52% of the S&P 500 companies have reported results through April 30. Of that, 68% have beaten estimates, while 28% have missed and 4% have met. They sound like a good number, but they are not. Since the