S&P 500 Companies and Profit Guidance

S&P 500 Companies and Profit Guidance Over the last three months, 80% of S&P 500 companies failed to provide guidance. That’s a record going back to 2001. Image: BofA US Equity & Quant Strategy

Share of U.S. Zombie Companies

Share of U.S. Zombie Companies The cost of extended monetary easing: low interest rates have created zombie firms. Image: Deutsche Bank Global Research

S&P 500 vs. Zombie Companies

S&P 500 vs. Zombie Companies Zombie companies have outperformed the S&P 500 by a wide margin in April and May. The process of creative destruction is not taking place, thanks to the Fed and the government. Image: Arbor Research & Trading LLC

Proportion of Companies Beating Earnings Estimates

Proportion of Companies Beating Earnings Estimates Despite cuts to forecasts, S&P 500 aggregate earnings are beating expectations by the lowest rate since the global financial crisis. Image: Deutsche Bank Asset Allocation