S&P 500’s forward 12m operating margin has started to roll over this month

S&P 500’s forward 12m operating margin has started to roll over this month, but hasn’t yet cut below its recent April low pic.twitter.com/to4WkIJeiM

— Liz Ann Sonders (@LizAnnSonders) May 17, 2023

#Earnings alert!
To say something about the direction of company earnings, using bottom-up data only, will likely give you a biased view as analysts tend to be too enthusiastic about the stocks they follow and about equity markets in general.

I use several global economic… pic.twitter.com/toP9gwoGDN

— jeroen blokland (@jsblokland) May 17, 2023

Recession. but Earnings ok

BofA Survey pic.twitter.com/xOjakc8jFB

— Win Smart, CFA (@WinfieldSmart) May 17, 2023