Earnings Season

This week we've got loads, not least the big tech giants Apple Google and Amazon. We had pretty hefty falls in that sector last year didn't mean we've had a bit of what seems to be I don't know is it a really really rally? The growth in earnings on a year and year basis for the S&P 500 is flat. So compared to last year it's about the bottom as I'm falling out this is okay but this is actually in line with our forecast for earnings over the whole of 2023 to be down something like 20 to 25% versus last year. If we get that we still think there's going to be downside to equity markets from here despite that