Jonathan Golub

Jonathan Golub is a US equity strategist who spent many years at Credit Suisse before moving to UBS. He is known for earnings-driven equity market analysis, identifying how revisions to corporate earnings forecasts drive equity market performance. His sector rotation models and S&P 500 price targets are widely followed by institutional equity investors. Golub consistently focuses on the fundamentals of corporate earnings growth rather than solely macro factors in generating US equity market forecasts. His proprietary earnings revision breadth indicator — measuring the ratio of upward to downward earnings estimate changes across S&P 500 companies — has proven to be a reliable leading indicator of near-term equity market direction, and his work on the relationship between operating leverage and earnings variability across economic sectors has provided institutional investors with a practical tool for assessing earnings risk in their equity portfolios.