Earnings trend

If you want to get a good idea of what is doing well in the realm of earnings expectations, think of the 1890'’s, not the 1990'’s. The picture might be termed the revenge of the rustbelt.

The key trends in earnings so far as per Zacks:

• Positive surprises outnumber negative by 4:1
• So far the median year-over-year growth rate reported is 12.8%, with Energy (54.4%) having the highest growth and Consumer Staples (1.6%) having the lowest.
• Material Sector has the most earnings revisions
• Technology and health care are lagging.