gainspainscapital.com / Graham Summers / June 7, 2017
The number of S&P 500 companies reporting negative earnings is rising rapidly.
Why does this matter?
It matters because this usually signals right before a stock market peak.
Below is a chart illustrating the percentage of S&P 500 companies reporting negative earnings running back to 1999.
As you can see, we are now at levels that have usually occurred just before stock market peaks (the last two times we were at these levels were 2007 and 2000, respectively).
The post Warning: The Last Two Times Stock Did This Were 2000 and 2007 appeared first on Silver For The People.