S&P 500 EPS growth on track for 31.1%, topping expectations
SPY•SPY•SPY•SPY•S&P 500 earnings growth is tracking at 31.1%, above preseason expectations of 24.5%, despite disappointing results from several mega-cap technology companies. Ten-year Treasury yields fell below 5%, while WTI crude closed October just above $104 a barrel.
S&P 500 earnings growth is tracking at 31.1%, exceeding preseason expectations of 24.5%, despite disappointing results from several mega-cap technology companies. US small caps led major market segments year to date, while emerging markets fell more than 8% in October.
Ten-year Treasury yields fell below 5%, down from an October high of 5.36%, helping small-cap stocks recover from correction territory. WTI crude closed October just above $104 a barrel, intensifying inflation pressures as the Iran conflict weighed on the earnings outlook. The Fed paused rate increases despite persistent inflation; two policymakers dissented in favor of a hike, while futures still priced a December increase.
