The expected growth rate of US stock earnings hit a new high after the epidemic, and analysts warned of foam risk

The expected profit growth rate of S&P 500 constituent companies in the next year is 25%, and the consensus expectation for forward profits in the past six months has been raised by nearly 20%, reaching a new high since 2021. Ben Inkel, Co Head of Asset Allocation at GMO, stated that the current profit forecast is in an unconventional growth trend, and the market will eventually realize that overly optimistic predictions cannot be translated into reality, and adjustments will be inevitable.