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I won’t go so far as to say that these are the only charts that matter, but I think right now – at this moment – they could be. Below, I’m doing a few ratio charts to demonstrate that the sectors in the eye of this year’s storm – emerging markets, materials, oil stocks and…

From an all-time high of over 9% reach in 2014, S&P 500 profit margins have dropped by 60 basis points over the past year

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All in all, Q3 consensus estimate is for a 4% year-over-year drop in S&P 500 earnings, with the 60% expected slide for energy companies skewing things quite a bit.

Some fascinating data

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