S&P 500 Earnings Estimate Revision Ratio The S&P 500 earnings estimate revision ratio has shown significant improvement, reflecting positive trends in earnings and expectations. Image: BofA US Equity & Quant Strategy
S&P 500 Earnings Revisions Breadth S&P 500 earnings revision breadth remains in negative territory, suggesting that there is still a cautious outlook for future earnings of S&P 500 companies. Image: Morgan Stanley Research
S&P 500 Earnings Yield – UST 3-Month Yield Historically, when the cash yield exceeds the earnings yield, this is often seen as a headwind for equities, as investors tend to prefer allocating their funds to cash investments rather than stocks. Image: BofA Global Investment Strategy
S&P 500 Earnings Revisions Breadth Earnings revisions breadth for both large and small caps has returned to negative territory, which means that the overall sentiment and expectations for future earnings have worsened. Image: Morgan Stanley Research
S&P 500 Earnings Revisions Breadth vs. S&P 500 YoY With yields no longer supporting high valuations, earnings growth is expected to be the main factor driving U.S. equity returns in the near future. Image: Morgan Stanley Research
S&P 500 Earnings Revision Sentiment and Returns There is generally a good correlation between S&P 500 earnings revision sentiment and returns. Image: Goldman Sachs Global Investment Research
S&P 500 Earnings Yield Gap vs. Real 10-Year U.S. Real Treasury Yield U.S. equities look expensive relative to rates. Image: Goldman Sachs Global Investment Research
S&P 500 Earnings Yield vs. U.S. 6-Month Money vs. U.S. IG Yield Goodbye TINA. There are finally attractive alternatives to the U.S. stock market. Image: Deutsche Bank
S&P 500 Earnings Surprise % Recent earnings surprises are slightly positive. Image: Morgan Stanley Research
S&P 500 Earnings vs. Fed Funds Historically, Fed rate hikes tend to impact S&P 500 earnings, which is not good news for U.S. stocks. Image: Real Investment Advice
S&P 500 Earnings Revisions Breadth and S&P 500 NTM EPS How will earnings growth drive the U.S. stock market? Image: Morgan Stanley Research