Earnings estimates slashed, reality forces long-overdue downward revisions. S&P, Nasdaq shorts hit multi-year highs. S&P 500 trails global markets like never before since 1988

Downward #earnings revisions have been outpacing upward revisions. As you know,we have been stating for quite a while that #estimates were way to high and would have to adjust lower for #economic realities.H/T @sentimentrader pic.twitter.com/rzDVOxozSy — Lance Roberts (@LanceRoberts) March 31, 2025 BofA says trend followers have been ramping up US equity "SHORTS" ahead of …

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Coldest weather since 1988

The weather this January has been the coldest since 1988. The average may change by the end of the month due to a warmup in some areas, but overall, it has been a January many will remember as being quite cold.

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