This is not even remotely true. Corporate earnings are growing strongly across almost all sectors (https://www.usbank.com/investing/financial-perspectives/mark....)

That link doesn't say anything like that, what are you taking about. It even mentions that sizable number of companies have negative guidance.

Directly from the linked article: "On average, first quarter 2024 earnings results were solid. Four sectors — Communication Services, Utilities, Consumer Discretionary and Information Technology — generated the strongest earnings growth for the quarter"

But that was just a link I came across quickly. You can look at almost any economic statistics you want and see that the economy (at least in the US, you mentioned the S&P 500 so I assume you are US-based) is quite strong right now.

Average != Median and that is what the commenter above mentioned.

The S&P500 and others don't remove the outliers going to the moon which is good for investors but as a data metric would make for a pretty large deviation.

S&P must mean something different where you're from, because when I looked as recently as this morning this is not true. I'm worried for the exact opposite reason: everything is up, across sectors most not technology and definitely not AI. Everyone's waiting for inflation to decrease and trigger corresponding interest rate declines so they can resume the consumption frenzy. We learned nothing; that's what I think is scary.