$SPX: Q2 Earnings PDF ( No Chart of Consequence)

FX:SPX500   S&P 500 Index
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The year over decrease in earnings is expected to be minus 5.6%, marking five consecutive quarters of earnings declines.

Excluding energy, the expected decline would improve to minus 1.8%.

And the fact that we are within 32/33 points or so of setting a record high is nothing less than stunning, suggesting a yawning disconnect difficult to grasp.

Is it earnings that are declining or earning's growth declining? Seems like profits being higher than ever could explain why markets approaching all time highs, no?
Five consecutive quarters of year over year declines. Sales, earnings and margins all contracting. Thanks for reading
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