CHART OF THE DAY: Is Q2 the Earnings Peak?

As of last night, 97% of the SP500’s companies have reported yesterday’s news: 

1. 483 of the SP500’s companies have reported aggregate year-over-year EPS growth of +25.4%
2. 68 of 71 Tech companies in the SP500 have reported aggregate year-over-year EPS growth of +35.6%
3. 94 of the NASDAQ 100’s companies have reported aggregate year-over-year EPS growth of +33.5%
4. All 30 of the Dow’s companies have reported aggregate year-over-year EPS growth of +26.5%
5. 1876 of the Russell’s companies have reported aggregate year-over-year EPS growth of +33.9% 

Looking back 2 years (Q2 of 2016) when US Tech Earnings growth was NEGATIVE on a year-over-year basis (stocks looked “expensive” back then on the wrong numbers too), do you think the buy side missed something huger than Trump? 

Good news, not everyone missed this move.