In every recession since 1970, we have also had a corresponding earnings recession.
The median recessionary EPS decline is -15%.
$S&P 500(.SPX)$ $SPDR S&P 500 ETF Trust(SPY)$ $NASDAQ 100(NDX)$ $Invesco QQQ(QQQ)$ $iShares Russell 2000 ETF(IWM)$ $Tesla Motors(TSLA)$ $NVIDIA(NVDA)$ $Microsoft(MSFT)$
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