$SPX bottom-up EPS estimates continue to decline, as Q1,’20 is 24.5% lower than it was at year-end, Q2 -38.9%, Q3 -26.3%, Q4 -18.1%, with full 2020 -26.9%; 2021 now starting to decline, -9.2%, but still optimistic and far above top-down estimates; actual Q1,'20 reported below: https://t.co/tpJV2jCGpx