The reason why S&P 500 earnings estimates keep going up is because for the first time in history, capex expense is now being counted as…

Rickler Feed (@rickler_feed), Aug 16, 2026, 01:34 UTC

The reason why S&P 500 earnings estimates keep going up is because for the first time in history, capex expense is now being counted as revenue in Wall Street's forward earnings estimates. If Wall Street was counting AI capex expense at the same rate as they are counting the capex revenue, then earnings would be negative. AI is the Enronification of the entire stock market. https://x.com/suburbandrone/status/2088370089141710880

The excerpt is quoted from a public Telegram channel, which owns its text.

Read the original post on Telegram

More posts from Rickler Feed · All channels