- Articles - 2015 Blog - S&P500 Earnings Adjusted for Inflation from 1900 to 2015
                Windsurfing at Palo Alto in SF Bay in May 2009
S&P500 Inflation Adjusted Earnings
Historical Chart of Inflation Adjusted S&P500 Earnings - Graph
                Windsurfing at Coyote Point November 2009

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June 3, 2015:  Currently, the S&P500 is trading at $2,119.78, just a few points bellow its all-time record high.  A key point is  inflation-adjusted earnings are currently about 6% below their record high.  My table below shows GAAP (Generally Accepted Accounting Principles) earnings growth is expected to slow this year then accelerate to 17% next year.

S&P500 chart

GAAP and Operating Earnings for the S&P500
(Table is from my June 2015 Newsletter - Click to Subscribe)

S&P500 Earnings Estimates for 2015 & 2016

From Chartoftheday.com1
With Q1 earnings largely in the books (over 97% of S&P 500 firms have reported), today's chart provides some long-term perspective on the current earnings environment by focusing on 12-month, as reported S&P 500 earnings. Today's chart illustrates the dramatic nature of the earnings plunge during the financial crisis as well as the recovery that followed -- a recovery that took earnings from levels not seen since the Great Depression to a new record high. More recently, however, S&P 500 inflation-adjusted earnings have begun to pull back and are now 6% off of their record highs -- a significant concern going forward.

S&P500 Inflation Adjusted  Earnings

Note 1.  Source: Chart of the Day  "Journalists and bloggers may post the above free Chart of the Day on their website as long as the chart is unedited and full credit is given with a live link to Chart of the Day at"
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