Video: Macro Minute: Despite 'investment gains' driving $18.44 of EPS in 2Q26 so far, organic S&P 500 EPS growth still 21% and 2027 EPS now +$8 to $408.  We now see S&P 500 reaching 7,900-8,000 in August

Video: There are some investors criticizing S&P 500 earnings quality.  Our analysis shows there are sizable contributions coming from investment gains, but keep in mind, organic EPS growth is still 21% in 2Q26 so far.  And 2027 EPS estimates are still rising.  We are dip buyers and see S&P 500 reaching 7,900-8,000 this month.

Please click here to view our Macro Minute (duration: 5:15).

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