
#SP500EarningsGap
About SP500EarningsGap
S&P 500 rose 0.4% last week for a third week, hit a record Thursday, then closed Friday at 7,785.76. With 90%+ reported, Bloomberg Intelligence says Q2 earnings rose 31% YoY versus 23% expected; full-year forecasts rose from 15% to 27%. Forward P/E fell from ~26x to under 22x, yet Wall Street's year-end target is 7,894, ~1.4% up. VIX hit a yearly low as options shifted from hedges to calls. Can AI margin gains broaden enough for 8,000, or will call positioning amplify rate and earnings shocks?
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