S&P 500 Beat Inflation in 16 of 20 Years as Earnings Fuel 2026 Rally

TLDR:
- S&P 500 beat inflation in 16 of 20 years, delivering a 14.76% real return in 2025 as CPI ended at 2.7%.
- S&P 500 earnings are tracking 34.5% growth in Q2, helping drive the index more than 12% higher in 2026.
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