Endless hope of an ASX earnings rebound

Friday 29 January 2016

I note this from time to time, chart from Morgan Stanley:

Note where they all start and finish as the commodities crash keeps on keeping on. 2017 will likely be the worst year yet (black arrow mine).

Of course 2018 is already working it’s magic!

About the author

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.