Below is a chart and brief excerpt from today's Early Look written by Hedgeye Director of Research Daryl Jones.
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Now obviously economic activity translates directly into the income statements of companies, which is where the comparisons are equally challenging. In the Chart of the Day we look at comparisons for revenue and earnings for the SP500. To cut to the cliff notes, SP500 earnings from Q1 2021 to Q3 2021 were up 46%, 87%, and 37% Y/Y. As you can see in the chart, revenue comparisons are equally challenging. |
