Factset

Chart Of The Day: Earnings Vs Stock Prices

in Equities by

Is the market fantasy disconnected from the earnings reality? Spoiler alert: Yes.

From FactSet:

Factset

“As the bottom-up EPS estimate declined during the first two months of the quarter, the value of the S&P 500 increased during this same time frame. From June 30 through August 31, the value of the index increased by 3.4% (to 2170.95 from 2098.86). This quarter marked the 16th time in the past 20 quarters in which the bottom-up EPS estimate decreased during the first two months of the quarter while the value of the index increased during the first two months of the quarter.”

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