South Korea’s exports fell 0.2% year-on-year in January, the smallest decline since exports started coming down in January 2019.
As today’s chart shows, the latest South Korean exports number suggests that the worst is over for global earnings per share. In addition, while earnings expectations for the year as a whole are pretty upbeat – while no different from other years as investors tend to be too optimistic at the start of the year – for the coming two quarters they are remarkably low.
![South Korea Exports Vs Global EPS South Korea Exports Vs Global EPS](https://d51-invdn-com.akamaized.net/content/pic1ed294a6f8ac272b64a62d77dfd51a7e.jpg)