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20th Apr 2026 10:07USDaily Monitor
  • S&P 500 earnings expectations often are wrong-footed by big surprises in the economy’s performance.
  • The earnings of large companies also have only a loose relationship with broader economic growth. 
  • The recent upturn in expected EPS mostly reflects booming AI capex and higher commodity prices.

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Keywords for: 21 April 2026 US Monitor

independent macro research, Pantheon Macro, Pantheon Macroeconomics, independent research, ian shepherdson, economic intelligence