S&P 500 Composite
Sep
07
2023
S&P 500 Earnings Waterfall 2Q 2023
This month’s Refresh continues our practice of summarizing the latest earnings season by evaluating the composite results of the S&P 500 member companies. Many analysts address sales and net income, but rarely speak to the middle lines of the income statement.
Jun
06
2023
S&P 500 Earnings Waterfall 1Q 2023
This note continues our practice of summarizing the latest earnings season by analyzing the composite results of the S&P 500 member companies, as if the SPY ETF represented a share in a single company with 500 subsidiaries.