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”

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