While many any have been lamenting the decline in revenues and blaming a volatile world a rising US$ or lagging demand, year to date growth has been mixed.
At the half year health care and telecom stocks listed on the S&P 500 were well up on GDP growth. Whilst Energy stocks were down, but unexpectly revenue was down 32%. This dragged the total S&P into negative territory
so whilst overall there was significant reductions in revenue, there are growth sectors out there all performing better than the overall environment.