### Comment:
Neutral is the word. We don’t see plausible recession risk this year. Please note that earnings recession and economic recession are different. All I’m saying is we’re gonna have negative EPS growth y/y this year. I personally don’t see indices end up much higher than how they started this year.  I can conclude that SPX dropping to 2600-2700 territory after 1Q earnings.

### REPLY:
This is my thoughts as well, fucking bleeding waiting for these results though. 
  
 What about the fact that forecasts have already been revised down quite a lot that we might see some small beats and markets shrug it off and keep mooning anyway? I mean earnings recession is hardly a secret yet markets don't give a fuck.

### END.