One chart suggests earnings growth is about to pop

Analysts anticipate a 3% earnings contraction for the quarter, worse than the 1% decline expected in July, according to FactSet.

"If you look at the U.S. economic surprise index ... just recently in the last couple months or so we've gone from some of the worst economic surprise readings to the best economic surprise readings," Paulsen said Monday on CNBC's "Paulsen said Citi's U.S. Economic Surprise Index went from negative 70 at the end of June to positive 40 now. That's going to give earnings estimates and guidance a big bump, he said.

TradingNation One (1) chart . My chart , made with a Sharpie, says different. But I don’t have an infomercial channel to spread my 2 cents.

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