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TME Daily: A tale of two cities for both earnings and positioning

Fastest pace of EPS downgrades in almost a year

Overall, reporting season has led to the fastest pace of EPS downgrades in almost a year.

Source: Bernstein

What's up with sales in Europe?

Source: Morgan Stanley

The un-magnificient 493

2024 estimates holding up

Source: BofA Quant

Don't blame earnings (yet)

Source: Data Trekk

This is the best recession ever

Source: Bernstein

Goldman upgrading global growth thanks to AI

Source: Goldman

CTAs pretty short. Can short more

Source: GS
Source: GS

HFs puking

Source: JPM PI

Borderline unplayable