In just six short months, expectations for US economic growth in Q1 2015 has been slashed by more than half (from 'trend' 3% to a mere 1.4% growth this week). While consensus is still well above the Atlanta Fed's 0.1% forecast [5], the sell-side is rapidly being forced to admit it's not just the weather...
GDP growth is collapsing...
[6]
and the bounces in forward earnings and US macro data are stalling once again...
[7]
Courtesy of @Not_Jim_Cramer, Spot The Hockey-Stick...
Spot the stick pic.twitter.com/7MxGGsAcSh [8]
— Not Jim Cramer (@Not_Jim_Cramer) April 14, 2015 [9]
Chart: Bloomberg
