Risk of earnings recession rises, as S&P 500 profits to fall for first time in 3 years
The warning signs for a recession might be flashing a little brighter now.
For the first time in three years, the earnings of the S&P fell during the first quarter.
This is followed up with the second quarter forecast turning negative for the first time. Guidance is being cut by many companies as a series of headiwnds face them.
Trade continues to be a major problem along with the slowing global economy.
One thing that could help the market is the fact that investor expectations are low which could further fuel the bull market. Many are predicting that, if a recession is to hit, it will not be until 2020.
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