S&P 500 profits on pace for a 34% surge this late in the cycle
As seen on the 24/7 Wall St. homepage on October 13, 2026.
A 34% profit surge this deep into a cycle is the bull case for stretched index valuations, and it lands right as Q3 earnings season begins.
RT @charliebilello: The S&P 500's earnings boom is simply unprecedented this late into an economic cycle. Profits are on pace to surge 34%…
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Charlie Bilello flagged on October 13 that S&P 500 profits are on pace to surge 34%, a rate he describes as simply unprecedented this deep into an economic cycle.
That matters because late-cycle expansions typically produce slowing profit momentum, so this pace supports the bull case for index valuations many investors have called stretched.
The post landed right as Q3 earnings season gets underway, meaning the next several weeks of reports will either confirm or challenge the extraordinary pace Bilello is describing.
For investors watching the index, the question is whether the companies reporting over the coming weeks can sustain that trajectory and shift the valuation debate in the bulls' favor.