Bespoke: One-day decline in shares of companies reporting earnings tracks as the worst in 7 years

Earnings season so far is "horrible," and the one-day decline in shares of companies reporting is tracking as the worst since 2011, according to Bespoke Investment Group. Hickey, a former analyst for Birinyi Associates and former trader at Salomon Smith Barney, said roughly third-quarters of stocks have traded down on their earnings results so far this season.