Transcript
0:03 at the moment earnings revisions have been decent as you can see halfway into the earning season earnings estimates are up 7% since n or since 2010 the last 13 years as you can see in this chart that 7% positive revisions is kind of lower compared to the last few years but there's it's actually slightly misleading and the reason for that is that if you look under the hood where we see that by sector it's really
0:35 financials that have had negative earnings revisions and that's from an FDIC fee so there was a special assessment kind of hit in this quarter and that's why earnings revisions have been negative