with 99 of fourthquarter earnings in the books the companies that make up the sp 500 index are running headon into an earnings recession but any slump is likely to be shortlived an earnings recession is defined as shrinking profit for two quarters or more in a row pershare profit for sp 500 spx companies is down 46 in the fourth quarter according to factset data the first time the core index has reported a yearoveryear earnings decrease since the third quarter of 2020 when pandemic restrictions silenced much of the economy john butters senior earnings analyst at factset said in a report on friday things will stay bumpy for the first half of this year analysts’ forecasts indicate for the first quarter and second quarter wall street expects earnings declines of 59 and 38 respectively but forecasts call for a summerseason bounceback “looking ahead analysts expect earnings declines for the first half of 2023 but earnings growth for the second half of 2023” butters wrote for the third and fourth quarters analysts see earnings gains of 29 and 96 and analysts expect the sp 500 overall to grow earnings for the year finishing 2023 with 21 earnings growth but that rebound could be driven mainly by easier comparisons after a difficult second half of 2022 falling shipping and supply costs thanks to easing pressure on the supply chain could make for a second half of the year that’s less harsh on profits but retail executives at least have signaled that they’re treading lightly heading into 2023 and expect consumers to remain hesitant about overspending for the week ahead only four sp 500 companies report according to factset with no dow jones industrial average djia on the list among the highlights this week beautyproduct and salon chain ulta beauty inc ulta reports after riding selfcare and postquarantine life to continued albeit slowing samestore sales gains electronic signature platform docusign inc docu and it infrastructure developer oracle corp orcl also report as tech companies lay off employees and reckon with pandemicera growth and as postquarantine life cuts into time spent at home and online the call to put on your calendar great outdoors still going great as pandemic restrictions weighed on people’s sanity through 2020 and 2021 more people began going outside camping buying rvs golf clubs and other outdoor equipment but rising prices and recession concerns have left less time and money for getting back in touch with nature retailers have gotten more cautious about what they stock their shelves with rv maker thor industries tho  which reports tuesday has already said that rising prices were weighing on demand however athleticgear retailer dick’s sporting goods inc dks  which also reports tuesday has been more optimistic work and outdoorwear maker duluth holdings inc dlth  skiresort operator vail resorts inc mtn and american outdoor brands inc aout also report during the week will food prices stop rising wednesday will be the day to glean bigger trends on food prices with results due from campbell soup co cpb  jack daniel’s maker brownforman corp bfb  highend winemaker duckhorn portfolio inc napa  and united natural foods inc unfi  the primary distributor for highend grocery chain whole foods food prices have jumped over the past year executives have expressed confidence they can keep them that way even as some big producers sell less actual food or beverages overall duckhorn executives have reported very little pushback albeit from a more welltodo customer but analysts have questioned the sustainability of juicing sales through price increases alone