Q1 GDP Expectations Are Crashing

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, the sell-side is rapidly being forced to admit it's not just the weather...

 

GDP growth is collapsing...

 

and the bounces in forward earnings and US macro data are stalling once again...

 

Courtesy of @Not_Jim_Cramer, Spot The Hockey-Stick...

Chart: Bloomberg