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S&P 500 Forward Earnings & the Economy - Yardeni Research
www.yardeni.comNote: Shaded areas are recessions according to the National Bureau of Economic Research. Source: Standard & Poor’s until Q4-1993, then I/B/E/S data by Refinitiv. yardeni.com Figure 4. S&P 500 Forward & Operating Earnings Page 4 / May 1, 2022 / S&P 500 Forward Earnings & the Economy www.yardeni.com Yardeni Research, Inc.