BofA's "Best Leading Indicator For Global EPS" Just Crashed

Zero Hedge | 9/29/2018 | Staff
sheenabeanna (Posted by) Level 3
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After briefly turning negative in April of this year, South Korean export growth - described by BofA's Josh Hartnett as "a notoriously good global cyclical indicator" - just collapsed, flashing bright red warning signals for global profit and economic growth.

In April Korean exports dipped modestly negative...

September - Print - -8 - % - YoY

But tonight the September print came in at -8.2% YoY - dramatically worse than the 5.5% drop expected) with exports to US plunging:

And while Semiconductor exports soared, autos and ships/vessels plunged...

Reminder

And, as a further reminder, the...
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