Earnings Seen Lifting S&P 500 to Real Record: Chart of the Day

Corporate earnings are likely to rise long enough to send the Standard & Poor’s 500 Index to a record after accounting for inflation, according to Michael T. Darda, MKM Partners LLC’s chief economist and chief market strategist.

As the CHART OF THE DAY shows, the S&P 500 has yet to surpass its two previous peaks on an inflation-adjusted basis even after setting records in the past six weeks. The so-called real values were based on the consumer price index, as compiled by the Labor Department.