Philly Fed Future Nominal Orders vs. S&P 500 12-Months Forward EPS (Leading Indicator) A severe contraction in earnings growth should hurt U.S. stocks in 2023. Image: Nordea and Macrobond
S&P 500 Price Based on EPS and P/E Scenario According to Goldman Sachs, the S&P 500 Index could fall to 3150 in the event of a U.S. recession. Image: Goldman Sachs Global Investment Research
Percentage of Stocks Outperforming the S&P 500 Index This year is a great market for stock pickers. Image: BofA US Equity & Quant Strategy
Earnings – S&P 500 LTM EPS Growth YoY Morgan Stanley’s leading earnings indicator does not bode well for EPS growth. Image: Morgan Stanley Research
S&P 500 Index and Fed Funds Effective Rate U.S. equity investors should worry when the Federal Reserve stops raising or cuts rates. Image: Real Investment Advice
S&P 500 vs. Financial Conditions U.S. financial conditions have eased meaningfully, coinciding with rising U.S. stock prices. Image: Morgan Stanley Research
S&P 500 Index and Technical Score The current reading stands at 69.44 and has risen meaningfully. Should investors remain long U.S. equities? Image: Real Investment Advice
S&P 500 Level and EPS Goldman Sachs forecast for S&P 500 EPS is $224 in 2023, and its S&P 500 price target is 4,000 by the end of 2023. Image: Goldman Sachs Global Investment Research
Valuation – Relative Forward P/E of Bottom S&P 500 ex. Top Decile Stocks vs. S&P 500 The bottom 450 stocks in the S&P 500 remain cheap relative to the top 50 stocks. Image: BofA US Equity & Quant Strategy