Sectors Spotting

(1) More on the gap between GAAP and non-GAAP earnings. (2) The biggest gaps are in the relatively tiny Energy and Materials sectors. (3) There’s no earnings recession among the bigger sectors. (4) Iron ore miners are consolidating and cutting production. (5) Old fashioned short-covering rallies in iron ore and oil. (6) Frackers putting Bakken output on ice. (7) Will OPEC and Russia freeze? (8) Freefalling earnings estimates in oil patch.