Wealthion · Thursday, September 24, 2026
Chris Gallup highlights that emerging markets (EM) have shown the strongest earnings power globally for the past 1.5 years and are expected to continue this trend. In the US, small-cap stocks are experiencing the fastest rate of change in earnings growth, which aligns with their leading performance year-to-date.
“The earnings picture has been very broad. It's been very broad in the US for the last two years, been very broad globally.”
“And so the strongest earnings power on a global basis has been in EM. That's been true for the last year and a half, that probably continues into next year.”
“And in the US, the strongest rate of change in earnings, I.E. forward earnings growth, has been in small cap space.”