Are Earnings Disappointments Next?

Several key relationships currently warn that S&P 500 EPS could become the next disappointment.

This piece was written before President Trumps announcement late yesterday afternoon. It is still relevant, so here are some non-tariff related issues. Earnings have so far been a stalwart in this storm of stock market turbulence. However, what follows is a quick pictorial highlighting several of my favorite relationships suggesting EPS disappointments could soon exacerbate this correction. We’ll let the pictures do most of the talking.