http://money.cnn.com/2016/04/27/investing/earnings-recession-apple-chipotle-twitter/index.html
Overall, S&P 500 earnings so far this quarter are down 8%. That
marks the third quarterly decline in a row and the worst since 2009,
according to S&P Global Market Intelligence.
Weak global growth is closing consumers' wallets, while the strong dollar
is only making iPhones and other American goods more expensive for
foreign buyers. Add on still-low oil prices and Corporate America is
facing major headwinds.
"It's like these companies are trying
to play basketball but the tar is melting and sticking to their sneaks.
Not fun to watch," says Jack Kramer, co-founder of MarketSnacks, a
financial newsletter.
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