Take your pick. Quant bear in Deutsche via Zero Hedge:
1. Poor S&P 500 sales and EPS growth, even ex. Energy
Amid low commodity prices, the stronger dollar, weak investment spending, weak exports and slower foreign markets, S&P sales growth has been poor, even ex. Energy
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David Llewellyn-Smith is Chief Strategist at the MB Fund and MB Super. David is the founding publisher and editor of MacroBusiness and was the founding publisher and global economy editor of The Diplomat, the Asia Pacific’s leading geo-politics and economics portal.
He is also a former gold trader and economic commentator at The Sydney Morning Herald, The Age, the ABC and Business Spectator. He is the co-author of The Great Crash of 2008 with Ross Garnaut and was the editor of the second Garnaut Climate Change Review.
