Citigroup, perhaps unsurprisingly, is painting a not-so-pretty picture, of corporate earnings momentum.
For many companies that have experienced positive earnings momentum in the past six months, that momentum is now deteriorating (lower-right quadrant). The upper-left quadrant is left empty — no one with poor earnings momentum is getting better. They’re just getting worse (lower-left quadrant) — though we notice the banks are close to edging into that upper-left quadrant.
No doubt Citi, having taken the brunt of yesterday’s banking rout, is hoping for a swifter recovery.
Related link:
Colourcoding with UBS – FT Alphaville
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