More than half of S&P500 companies having reported their revenues it turns out their financial standings are far from being spectacular. With top line revenues having been especially weak, nearly all sectors are on the downside. Thus, for some binary option investors it might be necessary to lower their estimates on some companies, prior to the start of earnings season.
Unfortunately, earnings drops have been almost as bad as the third quarter of 2011, during which were experienced the Japanese earthquake and the debt ceiling debate.
Sources: Bloomberg, Citi Research