Bottom up Earning Per Share estimates for the aggregate of SP 500 companies is -4.7%.
This is quite a serious drop relative to the average 10 years (-2.2%) and also in other timeframes.
So there is a quite serious slowdown in the US economy. Not recession level, but considerable and in line with the current market falls.
As per market…unless it goes over 2043 we still are in a bear market rally.
investorpolitico 