Standard & Poor’s S&P500 EPS Estimates 2018 2019 – June 15, 2018

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 June 15, 2018: Year 2018 estimates add to the following: -From a “bottom up” perspective, operating earnings of $157.51/share -From …

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Deloitte “CFO Signals” Report Q2 2018 – Notable Aspects

Recently Deloitte released their “CFO Signals” “High-Level Summary” report for the 2nd Quarter of 2018. As seen in page 2 of the report, there were 172 survey respondents.  As stated: “Each quarter (since 2Q10), CFO Signals has tracked the thinking and actions of CFOs representing many of North America’s largest and most influential companies. All …

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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 June 14, 2018 update (reflecting data through June 8, 2018) is -1.151. Of course, there are a variety of other measures and indices that are supposed to measure financial stress and other …

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Risk Of Future Upheaval In The U.S. Financial System

As seen in various surveys, market commentary, speeches, and risk indicators the nearly universal consensus among investors, government officials, and other observers is that the U.S. economy is (very) strong and the level of risk in the U.S. economy and financial system is (very) low.  Furthermore, this consensus viewpoint is that future prospects of substantial …

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Markets During Periods Of Federal Reserve Intervention – June 15, 2018 Update

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 June 15, 2018) from the Doug Short …

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S&P500 Price Projections – Livingston Survey June 2018

The June 2018 Livingston Survey published on June 15, 2018 contains, among its various forecasts, a S&P500 forecast.  It shows the following price forecast for the dates shown: Jun. 29, 2018   2720.0 Dec. 31, 2018  2824.0 Jun. 28, 2019   2850.0 Dec. 31, 2019  2880.3 These figures represent the median value across the forecasters on the survey’s panel. …

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Jerome Powell’s June 13, 2018 Press Conference – Notable Aspects

On Wednesday, June 13, 2018 Jerome Powell gave his scheduled June 2018 FOMC Press Conference. (link of video and related materials) Below are Jerome Powell’s comments I found most notable – although I don’t necessarily agree with them – in the order they appear in the transcript.  These comments are excerpted from the “Transcript of …

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June 2018 Duke/CFO Global Business Outlook Survey – Notable Excerpts

On June 13, 2018 the June 2018 Duke/CFO Global Business Outlook was released.  It contains a variety of statistics regarding how CFOs view business and economic conditions. In this CFO survey press release, I found the following to be the most notable excerpts – although I don’t necessarily agree with them: The Optimism Index in the …

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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 June 7, 2018 update (reflecting data through June 1, 2018) is -1.085. Of course, there are a variety of other measures and indices that are supposed to measure financial stress and other …

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