Every three months, we take a snapshot of the expectations for future earnings in the S&P 500 at approximately the midpoint of the current quarter, shortly after most U.S. firms have announced their previous quarter's earnings.
The earnings outlook for the S&P 500 through the end of 2019 has continued to deteriorate since our previous edition, where the projected trailing year earnings per share for the index in December 2019 has fallen to $150.96 per share from the $154.67 forecast three months earlier.
At the same time, we're getting our first look at Standard