Updates Of Economic Indicators June 2019

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 June 2019 Chicago Fed National Activity Index (CFNAI) updated as of June 24, 2019: The CFNAI, with current reading of -.05: source:  Federal Reserve Bank of Chicago, Chicago Fed National Activity Index … Read moreUpdates Of Economic Indicators June 2019

The U.S. Economic Situation – June 24, 2019 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, … Read moreThe U.S. Economic Situation – June 24, 2019 Update

Money Supply Charts Through May 2019

For reference purposes, below are two sets of charts depicting growth in the money supply. The first shows the MZM (Money Zero Maturity), defined in FRED as the following: M2 less small-denomination time deposits plus institutional money funds.Money Zero Maturity is calculated by the Federal Reserve Bank of St. Louis. Here is the “MZM Money … Read moreMoney Supply Charts Through May 2019

Jerome Powell’s June 19, 2019 Press Conference – Notable Aspects

On Wednesday, June 19, 2019 FOMC Chairman Jerome Powell gave his scheduled June 2019 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 … Read moreJerome Powell’s June 19, 2019 Press Conference – Notable Aspects

Deloitte “CFO Signals” Report Q2 2019 – Notable Aspects

Recently Deloitte released their “CFO Signals” “High-Level Summary” report for the 2nd Quarter of 2019. As seen in page 2 of the report, there were 159 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 respondents are … Read moreDeloitte “CFO Signals” Report Q2 2019 – Notable Aspects

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 13, 2019 update (reflecting data through June 7, 2019) is -1.189. Of course, there are a variety of other measures and indices that are supposed to measure financial stress and … Read moreChicago Fed National Financial Conditions Index (NFCI)

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 … Read moreTrends Of S&P500 Earnings Forecasts

Annual S&P500 EPS Forecasts For 2019, 2020 & 2021

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 June 17, 2019, and represent an aggregation of individual S&P500 component “bottom up” analyst forecasts.  For reference, the … Read moreAnnual S&P500 EPS Forecasts For 2019, 2020 & 2021

Standard & Poor’s S&P500 EPS Estimates 2019 & 2020 – June 13, 2019

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 June 13, 2019: Year 2019 estimates add to the following: -From a “bottom up” perspective, operating earnings of $164.93/share … Read moreStandard & Poor’s S&P500 EPS Estimates 2019 & 2020 – June 13, 2019

Long-Term Charts Of The ECRI WLI & ECRI WLI, Gr. – June 14, 2019 Update

As I stated in my July 12, 2010 post (“ECRI WLI Growth History“): For a variety of reasons, I am not as enamored with ECRI’s WLI and WLI Growth measures as many are. However, I do think the measures are important and deserve close monitoring and scrutiny. Below are three long-term charts, from the Doug … Read moreLong-Term Charts Of The ECRI WLI & ECRI WLI, Gr. – June 14, 2019 Update