Money Supply Charts Through April 2022

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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Updates Of Economic Indicators May 2022

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 May 2022 Chicago Fed National Activity Index (CFNAI) updated as of May 23, 2022: The CFNAI, with a current reading of .47: source:  Federal Reserve Bank of Chicago, Chicago Fed National …

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The U.S. Economic Situation – May 23, 2022 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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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 May …

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S&P500 EPS Estimates For 2022-2024 And Prior Years’ Realized EPS

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 May 13, 2022, 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 2022 – 2023 – May 12, 2022

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 May 12, 2022: Year 2022 estimates add to the following: -From a “bottom up” perspective, operating earnings of $224.39/share …

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Philadelphia Fed – 2nd Quarter 2022 Survey Of Professional Forecasters

The Philadelphia Fed 2nd Quarter 2022 Survey of Professional Forecasters was released on May 13, 2022.  This survey is somewhat unique in various regards, such as it incorporates a longer time frame for various measures. The survey shows, among many measures, the following median expectations: Real GDP: (annual average level) full-year 2022:  2.5% full-year 2023:  2.3% full-year 2024:  …

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