Where developed market earnings may be headed

Ryoji Iwata / Unsplash
Growth and Inflation GPS Profit margins under pressure
MCSI World Earnings and BlackROck traker, 2001-2019
Growth GPS our global trade tracker

What would it take for our earnings tracker to rise?

Growth GPS national accounts data profits declines

Adding it up

an earnings recession

What are some of the other implications?

Ratio of S&P 500 total return vs MSCI ACWI, 1987-2018
Elga Bartsch , PhD, Head of Economic and Markets Research for the BlackRock Investment Institute, is a regular contributor to The Blog

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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