Earnings Growth Is Very Close to Zero, Schwab's Kleintop Says

The video discusses the potential negative impact of additional Federal Reserve rate cuts on profit margins and earnings outlooks, particularly in the financial sector. It highlights the negative year-over-year growth in financials and the risk of further declines. Some market areas, like utilities and health care, show resilience. Historical examples from 2001 and 2007 illustrate that rate cuts did not prevent recessions, emphasizing the gravity of declining earnings and revenue.

Which sectors are showing resilience in growth despite economic challenges?

What historical examples illustrate the relationship between Fed rate cuts and economic recessions?