Bloomberg Surveillance · Wednesday, September 30, 2026
Despite concerns about decelerating growth and rising costs, Q3 earnings for the S&P 500 are projected to be strong, with nearly 28% growth anticipated. A significant portion of this growth is attributed to investment in data centers, described as a 'once in a generation' event.
“But the earnings growth picture for Q3 is probably going to be strong. We're looking at nearly 28% earnings growth for the S & P 500 as of now for Q3.”
“The data center build out is a once in a generation type thing.”
“So that's no-no. That's the thing. It's like, we already know that.”