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S&P Earnings Expectations Tumble 15 Days In A Row - Longest Streak Since Financial Crisis

While stocks surge ingloriously on the back of a credibility-less Fed (and hope that PBOC, ECB, BoJ will unleash QE-moar)...

 

S&P 500 forward earnings expectations are down 15 days in a row - that is the longest losing streak since the financial crisis. In fact, S&P 500 earnings expectations are down over 2% year-over-year.  

 

The last time earnings growth expectation swung from positive to this negative was August 2008... and we know what happened next...

 

Charts: Bloomberg