GOOGL Fueled S&P 500 Q2 EPS Growth, but Carson Research Says Its Blowout Quarter Came With a Catch - Alph

GOOGL Fueled S&P 500 Q2 EPS Growth, but Carson Research Says Its Blowout Quarter Came With a Catch - Alph

Alphabet drove 92% of S&P 500 Q2 earnings growth via $98B private equity revaluations; true blended growth is 25.9%, not headline 37.9%. Core earnings fell to $14B from $25.5B, showing headline gains mask business deterioration and portfolio revaluation downside.