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The S&P 493 Index Has Seen Profits Drop -3% Over the Past Year!

The S&P 493 Index Has Seen Profits Drop -3% Over the Past Year!

Where’s the profit growth? It’s in the Magnificent 7 as EPS contract for the S&P “493”

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David Rosenberg
Jun 13, 2024
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Early Morning with Dave
Early Morning with Dave
The S&P 493 Index Has Seen Profits Drop -3% Over the Past Year!
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Highlights

  • Where’s the profit growth? It’s in the Magnificent 7 as EPS contract for the S&P “493”

  • S&P 500-Dow spread is a 1-in-150 event

  • It’s all about taking the “punch bowl” away when it comes to Powell and the Fed

  • Fed projections have an implied recession in 2025

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