America's Economic Future – A Discussion By Ted Kavadas
Many people place emphasis on Durable Goods New Orders as a prominent economic indicator and/or leading economic indicator. For reference, below are two charts depicting this measure. First, from the St. Louis Fed site (FRED), a chart through September 2018, updated on October 25, 2018. This value is $262,098 ($ Millions): (click on charts to …
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 October 18, 2018 update (reflecting data through October 12, 2018) is -1.108. Of course, there are a variety of other measures and indices that are supposed to measure financial stress and other …
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 …
For reference purposes, the chart below shows the S&P500 vs. the Shanghai Stock Exchange Composite Index on a daily basis, since 2006, with price labels: (click on chart to enlarge image)(chart courtesy of StockCharts.com; chart creation and annotation by the author) _____ The Special Note summarizes my overall thoughts about our economic situation SPX at 2755.88 as …
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, …
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 October 2018 Chicago Fed National Activity Index (CFNAI) updated as of October 22, 2018: The CFNAI, with current reading of .17: source: Federal Reserve Bank of Chicago, Chicago Fed National Activity …
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 …
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 …
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 24 of the “S&P500 Earnings Scorecard” (pdf) of October 18, 2018, and represent an aggregation of individual S&P500 component “bottom up” analyst forecasts. For reference, …
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 October 12, 2018: Year 2018 estimates add to the following: -From a “bottom up” perspective, operating earnings of $157.22/share -From …