What Today’s Oil Plunge To 2009 Levels Means For Earnings, In One Chart

Wednesday, August 19, 2015
By Paul Martin

by Tyler Durden

Moments ago, following the DOE report of an unexpected jump in oil inventories which caught all algos by surprise, oil plunged by over $1 to a price not seen since 2009. So what does this mean for S&P 500 earnings in general, and energy earnings in particular? Nothing short of a total wipeout as the following chart, showing energy EPS with a 4 month lag vs oil prices, from Citigroup reveals.

The Rest…HERE

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