For the 43 companies that have reported Q4 earnings, total earnings are up 7.4% on the same time last year. Revenues are up 3.3%.
At completion total S&P500 earnings are expected to be down -6.4% which would follow the -7% in the Q3.
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We expect to see the strongest earnings growth in construction and autos for Q4.
A break below 3,780 in the index will be a negative sign.
