S&P 500 Consensus NTM EPS Estimates vs. S&P 500 Price

Forward EPS YoY % Change vs. S&P 500 Price Index An increase in forward earnings is typically seen as a positive indicator for higher equity prices and can help mitigate the risk of a more significant market correction. Image: Real Investment Advice

Sell Side Consensus Indicator

Sell Side Consensus Indicator The Sell Side Indicator, which tracks Wall Street strategists’ equity allocation, decreased by 33bp in April. The current level suggests that the S&P 500 may experience positive gains over the next 12 months. Image: BofA US Equity and Quant Strategy

Bottom-Up Consensus S&P 500 EPS Estimates

Bottom-Up Consensus S&P 500 EPS Estimates While consensus EPS estimates for 2025 may present an optimistic outlook, is there a possibility of downward revisions due to shifts in market conditions or unforeseen economic challenges? Image: Goldman Sachs Global Investment Research

S&P 500 Historical FY2 EPS Revisions vs. Consensus EPS

S&P 500 Historical FY2 EPS Revisions vs. Consensus EPS Consensus EPS estimates for 2024 continue to track a typical non-recessionary year revision trend, suggesting a positive outlook for the market and the potential for strong corporate earnings growth. Image: BofA US Equity & Quant Strategy

Stocks – Indexed Consensus NTM Net Income

Stocks – Indexed Consensus NTM Net Income The widening gap in expected net income between mega-cap tech stocks and the bottom 493 stocks of the S&P 500 highlights the concentration risk and volatility associated with the dominance of these tech stocks in the index. Image: Goldman Sachs Global Investment Research

Change in S&P 500 Quarterly EPS Consensus

Change in S&P 500 Quarterly EPS Consensus Excluding the one-offs, consensus estimates for the fourth quarter of 2023 have experienced just a slightly more pronounced reduction compared to previous periods, which can be seen as a positive sign. Image: Deutsche Bank Asset Allocation

Typical Path of S&P 500 Bottom-Up Consensus EPS Estimate

Typical Path of S&P 500 Bottom-Up Consensus EPS Estimate S&P 500 EPS revisions for 2024 are showing a more favorable trend compared to both the previous year, 2023, and the average revisions seen historically, which could potentially contribute to a positive sentiment in the market. Image: Goldman Sachs Global Investment Research

GDP Consensus Forecasts

GDP Consensus Forecasts Optimistic U.S. GDP forecasts suggest that there is confidence in the underlying strength of the U.S. economy. Image: BofA Global Research

Consensus U.S. GDP Growth

Consensus U.S. GDP Growth Could the United States experience a significant deceleration in GDP growth in the near future? Image: Deutsche Bank Asset Allocation