📊🎈 S&P 500 Earnings Track Above 75% Positive Surprises: Cable FX Macro

• S&P 500 EPS forecast stands at $55.8 for Q3 2022, this is lower than the previous quarter of $57.5, growth is pencilled to slow down to 2.7% from 4.1%. A year ago, expected earnings growth in the index stood at 28.4%

• We have only seen less than 40 companies report earnings, the % of upside surprises ticks at 69%, this is compared to tracking +75% seen over the last three quarters. Also, the % of negative surprises stands at 22.9%, this is above the average of 19.7% seen over the last three quarters