This weekend’s Weekly Earnings Update which was really the SP 500 forward earnings curve is/was another sign that SP 500 earnings revisions are getting less negative.
There are different ways we can look at the core IBES data (provided by Refinitiv), but looking at the spreadsheet this weekend, other data – historically-listed on my blog in the past supports the same conclusion:
1.) SP 500 EPS revisions still becoming less negative:
Readers can see how late March – early April ’20 show the nadir for positive revisions (and thus the zenith for negative revisions) and