- With the May ’22 jobs number, it seems like almost no one mentioned that “average hourly earnings” came in +0.3% vs. the expected +0.4%.
- In Q2 ’21, S&P 500 EPS grew 96%, while S&P 500 revenue grew 25%.
- As to how long S&P 500 earnings hold up, Apple was a good example today of what one downgrade can do to a stock in a tough tape. EPS and revenue estimates are still seeing positive revisions and yet the stock is 16% from its $180 all-time-high.
For further details see:
S&P 500 Earnings: Forward Estimate Jumps/The 'Inflation Vs. Recession Risk' Market/Top 10 Holdings