(1) Analyzing the analysts. (2) Earnings Tuesday and Revenues Thursday. (3) Downward slope rather than cliff. (4) Micro vs. macro earnings. (5) Surprisingly upbeat macro picture. (6) US business sales and exports at record highs! (7) Lots of downward trends among earnings estimates. (8) However, S&P 500/400/600 forward earnings at or near record highs. (9) Chopping quarterly estimates through next year. (10) The big losers are Industrials, IT, and Materials.
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