S&P 500 Earnings

Forward P/Es Falling Faster Than Forward Earnings Are Rising

May 20, 2022 1 min read

The S&P 500/400/600 stock price indexes are down 18.1%, 16.1%, and 16.4% ytd through today's close.

Ed Yardeni

A Short-Lived P/E-Led Bear Market?

May 8, 2022 2 min read

Are we heading toward a P/E-led bear market even though earnings continue to grow?

Ed Yardeni

Do Industry Analysts Anticipate Recessions?

Apr 24, 2022 2 min read

One of our accounts in Luxembourg requested that we determine how well industry analysts’ earnings estimates anticipate recessions. The recent weakness in the S&P 500’s forward P/E has been partly offset by the continued rise of consensus earnings estimates to record highs. Some of these increases probably reflect steady profit margins as companies pass their rising costs through to their selling prices. It’s widely recognized

Ed Yardeni

S&P 500 Performance Since March 8 Bottom

Apr 15, 2022 1 min read paid

Ed Yardeni

S&P 500’s Winners & Losers

Apr 10, 2022 1 min read

The S&P 500 is down 5.8% ytd. Under the circumstances--e.g., war in Ukraine, continued supply-chain difficulties, high inflation, Fed in tightening mode, rising bond yields, and recession fears--that's not too bad. However, when we look under the hood, only four of the S&P 500's 11 sectors are up ytd: Energy (43.3%), Utilities (7.5), Consumer Staples (2.3), and

Ed Yardeni

New records in reach

Mar 30, 2022 2 min read paid

The S&P 500 is on the verge of making new record highs. It is only 3.4% below its January 3 record high as of March 29! The fundamentals remain very strong with both S&P 500 forward revenues and earnings at record highs. I expected that. I didn't expect that the forward P/E would pop back up to 19.9 on March 29

Ed Yardeni