S10E8 - Early Learnings From Earnings

The big things you need to know:

First, 3Q25 reporting season has gotten off to a strong start on beat rates for the major indices, but we are continuing to see deterioration in the rate of upward EPS estimate revisions for the S&P 500, the Russell 2000, the biggest market cap names in those indices, and the rest of both indices when their top weights are excluded – something we continue to see as a challenge for performance if it persists.Second, we run through the main macro takeaways we found in our review of last week’s S&P 500 earn...