SSO - Energy And Tech Weigh On 2019 S&P 500 EPS Estimates
The expected year-over-year growth of the S&P 500 EPS estimate for 2019 has now slowed to +5.5% versus the expected +13.6% as of September 28, 2019.
Looking at the change in the expected 2019 earnings growth by sector, Energy seems to have taken the beat down this week, as the sector's expected earnings growth rate as of Friday, January 18, 2019 is now -2.8% versus the 10% expected as of January 1, 2019.
First, here is a quick recap of the sector market-cap weights within the S&P 500 as of Jan. 1, 2019:
Technology: +20%