Joshua M Brown

S&P 500 Earnings Outlook: Gross

Savita Subramanian’s Equity & Quant Strategy group at BAML looks at the earnings outlook trend for the S&P 500. On a monthly basis, the trend in downward revisions is the worst they’ve seen since March of 2009. In January, the three-month earnings estimate revision ratio (ERR) fell for the fifth consecutive month to 0.49 from…