The first two months of the third quarter have been negative from many perspectives. The S&P 500 is in the midst of one of the worst corrections in history – a move that might not yet be complete. Amidst this turmoil, fundamental analysts have been, by and large, noting the strong numbers supporting their long positions as some wag their finger of disgust at algorithmic traders as causing the market sell-off. However, a report from FactSet might give those fundamentalists something to consider. Earnings per share estimates dropping with the stock market Analysts dropped earnings estimates for companies in the…
Earnings Estimates Drop With Stocks First Time Since 2012
Mark Melin
Mark Melin is an alternative investment practitioner whose specialty is recognizing the impact of beta market environment on a technical trading strategy. A portfolio and industry consultant, wrote or edited three books including High Performance Managed Futures (Wiley 2010) and The Chicago Board of Trade’s Handbook of Futures and Options (McGraw-Hill 2008) and taught a course at Northwestern University's executive education program.