Money Supply Charts Through June 2024

For reference purposes, below are two sets of charts depicting growth in the money supply. The first shows the M1, defined in FRED as the following: Before May 2020, M1 consists of (1) currency outside the U.S. Treasury, Federal Reserve Banks, and the vaults of depository institutions; (2) demand deposits at commercial banks (excluding those …

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The U.S. Economic Situation – July 23, 2024 Update

Perhaps the main reason that I write of our economic situation is that I continue to believe, based upon various analyses, that our economic situation is in many ways misunderstood.  While no one likes to contemplate a future rife with economic adversity, current and future economic problems must be properly recognized and rectified if high-quality, …

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Updates Of Economic Indicators July 2024

The following is an update of various indicators that are supposed to predict and/or depict economic activity. These indicators have been discussed in previous blog posts: The July 2024 Chicago Fed National Activity Index (CFNAI) updated as of July 22, 2024: The CFNAI, with a current reading of .05: source:  Federal Reserve Bank of Chicago, Chicago Fed National …

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Trends Of S&P500 Earnings Forecasts

S&P500 earnings trends and estimates are a notably important topic, for a variety of reasons, at this point in time. FactSet publishes a report titled “Earnings Insight” that contains a variety of information including the trends and expectations of S&P500 earnings. For reference purposes, here are two charts as seen in the “Earnings Insight” report of July …

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S&P500 EPS Forecasts For 2024-2026 As Of July 12, 2024

As many are aware, Refinitiv publishes earnings estimates for the S&P500.  (My other posts concerning S&P earnings estimates can be found under the S&P500 Earnings tag) The following estimates are from Exhibit 24 of the “S&P500 Earnings Scorecard” (pdf) of July 12, 2024, and represent an aggregation of individual S&P500 component “bottom up” analyst forecasts.  For reference, the …

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Standard & Poor’s S&P500 EPS Estimates 2024 – 2025 – July 11, 2026

As many are aware, Standard & Poor’s publishes earnings estimates for the S&P500.  (My posts concerning their estimates can be found under the S&P500 Earnings tag) For reference purposes, the most current estimates are reflected below, and are as of July 11, 2024: Year 2024 estimates add to the following: -From a “bottom up” perspective, operating earnings of $239.04/share …

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Disturbing Charts (Update 54)

The following is the latest update of 10 charts that depict various aspects of the U.S. economic and financial situation. I find these charts portray disturbing long-term trends. These trends have been in effect for years. These charts raise a lot of questions.  As well, they highlight the “atypical” nature of our economic situation from …

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Markets During Periods Of Federal Reserve Intervention – July 13, 2024

In the August 9, 2011 post (“QE3 – Various Thoughts“) I posted a chart that depicted the movements of the S&P500, 10-Year Treasury Yield and the Fed Funds rate spanning the periods of various Federal Reserve interventions since 2007. For reference purposes, here is an updated chart (through July 12, 2024) from the Advisor Perspectives’ …

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