Forward Earnings

S&P 500 EPS At Record High During Q2

Aug 12, 2024 3 min read paid

Now that the S&P 500 companies are more than 90% through the Q2 earnings reporting season, let's do a quick check up on how Corporate America is faring. In short, there's no sign of an imminent recession as S&P 500 earnings rose to a record high during Q2. Here's more happy news to serve as a tonic to the geopolitical

Ed Yardeni

Remaining Zen About The Yen

Aug 6, 2024 3 min read paid

BREAKING NEWS: Deputy BOJ Governor Uchida said that the central bank won't raise interest rates when markets are unstable. His dovish remark gave a broad lift to risk-on appetite in Asia. We wrote the following before this news came out.

Ed Yardeni

An Earnings-Driven Bull Market

Jul 22, 2024 3 min read paid

Yesterday, we suggested that the stock market selloff since the July 16 record high in the S&P 500 might not last very long. So we were pleased by today's broad rally in the S&P 500 (1.1%), Nasdaq (1.6%), Russell 2000 (1.7%), and the MAGS (2.4%). We expect that a solid print in Q2's real GDP on Thursday and

Ed Yardeni

Stock Market Meltup: Earnings-Led Or Valuation-Led?

Jun 19, 2024 2 min read paid

Ed Yardeni

The S&P 500/400/600 Performance Derby

Mar 18, 2024 2 min read paid

The S&P 500 LargeCap stock price index is up 44.0% since the end of the latest bear market on October 12, 2022. The S&P 400 MidCap and S&P 600 SmallCap are up 29.5% and 17.8% since then. The S&P 500 and S&P 400 are trading at record highs, while the S&P 600 remains below its

Ed Yardeni

S&P 500's Blue Angels Are Climbing Again

Jun 12, 2023 1 min read paid

Our Blue Angels analysis multiplies the weekly forward earnings of the S&P 500/400/600 by forward P/Es of 10-22 in increments of 2 (chart). We then can see how the three stock price indexes are tracking their Blue Angels, which always fly in a parallel formation. Forward earnings is the time-weighted average of industry analysts' consensus expectation for earnings during the current year and the

Ed Yardeni