When you take all the fluff out of the markets, like artificially low interest rates and other easy monetary support from the Federal Reserve, we need to realize (at the end of the day) that stocks trade on a fundamental called corporate earnings. And going into 2015, as I’ll detail below, corporate earnings are weak at best.
Earnings Guidance Dismal, Growth Rate in Slump
As of December 12, 106 companies on the S&P 500 have issued guidance on their corporate earnings for this final quarter of 2014. Of these companies, 85 have issued negative guidance, while only 21 have issued positive ... read more