S&P 500 EPS growth is tracking 45% YoY in Q2 compared with a consensus estimate of 22% coming into the quarter. However, 19% of that growth is attributable to Alphabet and Amazon's combined $151 billion of "other income" related to equity investments. Excluding these gains, S&P 500 EPS growth is tracking at 26%, an acceleration vs. Q1 and the fastest pace of growth since 2021 - Goldman(zerohedge)