- With Friday’s close, the S&P 500 is trading at 20x the “expected” 8% EPS growth for 2022, while expected 2021 EPS is growing in the mid-40% range.
- Q421's expected S&P 500 EPS growth of 21.6% has changed little since the 10.1.21 expected growth rate of 21.7%.
- Corporate credit spreads have widened the last month but not alarmingly as the high-grade corporate spread is still under +100 bp’s (average) and the average high-yield credit spread is still within the range of +325 or so.
For further details see:
S&P 500 Earnings: Steady Increases Across The Board This Week