S&P 500 earnings guidance at record high, Q3 EPS seen up 30%

A record number of S&P 500 companies have issued earnings forecasts above market expectations, with analysts estimating a nearly 30% year-over-year increase in Q3 EPS. This suggests broad-based corporate strength, supporting the ongoing bull market. The key uncertainty is whether this guidance translates into actual beats and whether margins hold amid cost pressures.