EFTA Document EFTA01458537

2 October 2015 US Equity Insights 30 S&P EPS will be weak, weakest sales/EPS growth yet of the profit recession The DB Profit Indicator is a diffusion style index based on six macro indicators. It dropped to 49.2 in July and then 46.7 in August dragged down by Mfg. ISM, Exports and Oil prices. At -47 it suggests flat to slightly down y/y 3Q EPS. Btm-up 30 EPS is now $29.04, or -4.4% y/y on -3.40/6 say sales. EPS growth likely slows at Financials to flat ex litigation given soft capital m