Chart Library
2026-09-22

The S&P 500 Tracks Its Quarterly EPS Closely, With a 92% Correlation

The S&P 500 Tracks Its Quarterly EPS Closely, With a 92% Correlation

Key points

S&P 500 index vs quarterly EPS, log scale, since end-2019 | The two move together with a 92% correlation as earnings pull the index higher

Image source: @LanceRoberts