Financial Stocks – Notable Price Action

I think that the relatively poor “price action” of various financial stocks is notable.  It is one of many current indications that overall stock market health is not as strong as a casual glance at the major indices would indicate. Below is a chart featuring the XLF (the financial ETF) on a daily basis since … Read moreFinancial Stocks – Notable Price Action

Analyst And Strategist S&P500 Earnings Estimates For 2011 & 2012

On June 27 The Wall Street Journal published an article titled “Stocks Fall.  Optimism Stands Tall.” As seen in this article: Analysts expect the S&P 500 companies to earn $99.86 a share in aggregate this year, up 2.3% from their April 1 estimate, according to FactSet. Strategists expect $95.24, according to John Butters, senior earnings … Read moreAnalyst And Strategist S&P500 Earnings Estimates For 2011 & 2012

Updates On Economic Indicators June 2011

Here is an update on various indicators that are supposed to predict and/or depict economic activity.  These indicators have been discussed in previous blog posts: The June Chicago Fed National Activity Index (CFNAI)(pdf) updated as of June 23, 2011: – The Consumer Metrics Institute Contraction Watch: – The USA TODAY/IHS Global Insight Economic Outlook Index: An … Read moreUpdates On Economic Indicators June 2011

Ben Bernanke’s June 22 Press Conference – Notable Aspects

On Wednesday June 22 Ben Bernanke gave his scheduled Press Conference.  Overall, I found his remarks less notable than that of his April 27 Press Conference, which I commented upon in the April 28 post titled “Ben Bernanke’s April 27 Press Conference – My Comments.” Here are Ben Bernanke’s comments I found most notable, although … Read moreBen Bernanke’s June 22 Press Conference – Notable Aspects

MacroMarkets June 2011 Home Price Expectations Survey

On June 22 MacroMarkets released its June 2011 Home Price Expectations Survey (pdf) results.  This Survey is now done on a quarterly basis. The accompanying chart is seen below: (click on chart image to enlarge) As one can see from the above chart, the average expectation is that not only has the residential real estate … Read moreMacroMarkets June 2011 Home Price Expectations Survey

McKinsey Economic Conditions Snapshot – Notable Aspects

Recently McKinsey released their “Economic Conditions Snapshot, June 2011” As stated in the survey: Over the past three months, executives around the world have grown more pessimistic about their nations’ economies: compared with three months ago, a smaller share say their economies improved over the past six months, and slightly more expect worsening conditions over the … Read moreMcKinsey Economic Conditions Snapshot – Notable Aspects

CEO & CFO Surveys 2Q 2011

On June 14 the Business Roundtable’s CEO Economic Outlook Survey was released for the 2nd quarter.  The June Duke/CFO Magazine Global Business Outlook Survey was released on June 8.  Both contain a variety of statistics regarding how executives view business and economic conditions. In the CEO survey, of particular interest is the CEO Economic Outlook Index, which … Read moreCEO & CFO Surveys 2Q 2011

S&P500 Price Projections – Livingston Survey June 2011

The June 9, 2011  Livingston Survey (pdf) contains, among its various forecasts, a S&P500 forecast.  It shows the following price forecast for the dates shown: June 30, 2011   1340 Dec. 30, 2011   1380 June 29, 2012  1413.5 Dec. 31, 2012    1463.5 These figures represent the median value across the 35 forecasters on the … Read moreS&P500 Price Projections – Livingston Survey June 2011

“The Reinhart & Rogoff Book” – General Comments

This Time Is Different (2009) by Carmen Reinhart and Kenneth Rogoff is a widely-quoted and referenced book.  Often it is referred to as “the Reinhart and Rogoff book.” I find the book to be interesting and unique, although I don’t agree with some of its contents.  From an overall standpoint, perhaps the greatest misgiving I … Read more“The Reinhart & Rogoff Book” – General Comments