Ooops! Earnings Season Off To A Dismal Start

Earnings season has yet to officially begin when the big banks report next week and it already looks like Wall Street is in for a rude awakening when it comes to corporate profits in both the last quarter of 2018 and the rest of 2019 just one quarter after the best earnings season in history.

The recent warnings, guidance cuts and layoff announcements to date have been nothing short of dismal. Here is a quick summary of what we have observed in just the last week:

 

https://www.zerohedge.com/news/2019-01-10/earnings-season-dismal-start-warnings-guidance-cuts-mass-layoffs

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