Summary

• With Walmart and Nvidia expected to bring the unofficial end to Q1 ’26 S&P 500 earnings this week, last week resulted in the first sequential decline in the “forward four-quarter estimate” (FFQE) since January 16, ’26.
• The FFQE last week ended at $346.82, versus the prior week’s $347.01 and the first sequential negative week since the week ended January 16th, 2026, since the FFQE was $311.89.
• The S&P 500 earnings yield (EY) as of last Friday’s close (5/15/26) was 4.68%.

With Walmart (WMT) and Nvidia (NVDA) expected to bring the unofficial end to Q1 ’26 S&P 500 earnings this week, last week resulted in the first sequential decline in the “forward four-quarter estimate” (FFQE) since January 16, ’26.

11.26K Followers