Updates Of Economic Indicators August 2016

Here 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 August 2016 Chicago Fed National Activity Index (CFNAI) updated as of August 22, 2016: (current reading of CFNAI is .27; current reading of CFNAI-MA3 is -.10): – The ECRI WLI …

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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” (pdf) report of …

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S&P500 EPS Projections 2016-2018

As many are aware, Thomson Reuters 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 20 of the “S&P500 Earnings Scorecard” (pdf) of August 18, 2016, and represent an aggregation of individual S&P500 component “bottom up” analyst forecasts.  For reference, …

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Standard & Poor’s S&P500 Earnings Estimates For 2016 & 2017 – As Of August 11, 2016

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 August 11, 2016: Year 2016 estimates add to the following: -From a “bottom up” perspective, operating earnings of $110.85/share …

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Walmart’s Q2 2017 Results – Comments

I found various notable items in Walmart’s Q2 2017 management call transcript (pdf) dated August 18, 2016.  (as well, there is Walmart’s press release of the Q2 results and related presentation materials) I view Walmart’s results and comments as particularly noteworthy given their retail prominence and focus on low prices.  I have previously commented on their quarterly management call comments; these previous posts …

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Chicago Fed National Financial Conditions Index (NFCI)

The St. Louis Fed’s Financial Stress Index (STLFSI) is one index that is supposed to measure stress in the financial system.  Its reading as of the August 11, 2016 update (reflecting data through August 5) is -1.068. Of course, there are a variety of other measures and indices that are supposed to measure financial stress and other related …

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Philadelphia Fed – 3rd Quarter 2016 Survey Of Professional Forecasters

The Philadelphia Fed 3rd Quarter 2016 Survey of Professional Forecasters was released on August 12, 2016.  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 2016:  1.5% full-year 2017:  2.3% full-year 2018: …

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