22.9% is the new consensus for S&P 500 Q2 EPS growth on an apples-to-oranges basis, up 1.3 points from a week earlier, reinforcing expectations for a strong earnings season.
7,500 remains the market’s sticking point: the S&P 500 first reached that level on May 14 and has since moved sideways near its 50-day average, with strategists still targeting 8,250 by year-end.
0.6% is the S&P 500’s decline since May 14, but leadership has rotated sharply away from the Magnificent 7, which are down 5.7%, toward the broader 'Impressive 493' and value stocks.
18.7% gains in S&P 600 Health Care and 14.4% in S&P 600 Consumer Discretionary show defensive, cheaper segments leading, while Information Technology looks tired and semiconductor momentum has faded.
20.3% is the drop in the SOXX semiconductor ETF since its June 22 record, underscoring AI fatigue and the risk that lofty growth expectations could make merely in-line results disappoint.