Updates Of Economic Indicators June 2024

The following 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 2024 Chicago Fed National Activity Index (CFNAI) updated as of June 25, 2024: The CFNAI, with a current reading of .18: source:  Federal Reserve Bank of Chicago, Chicago Fed National …

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The U.S. Economic Situation – June 23, 2024 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, …

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The CFO Survey Second Quarter 2024 – Notable Excerpts

On June 20, 2024 The CFO Survey was released.  It contains a variety of statistics regarding how CFOs view business and economic conditions. In the CFO Survey press release, I found the following to be the most notable excerpts – although I don’t necessarily agree with them: Among their concerns for the next year, U.S. CFOs indicate …

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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” report of June …

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S&P500 EPS Forecasts For 2024-2026 As Of June 11, 2024

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 14, 2024, and represent an aggregation of individual S&P500 component “bottom up” analyst forecasts.  For reference, the …

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Standard & Poor’s S&P500 EPS Estimates 2024 – 2025 – June 11, 2024

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 11, 2024: Year 2024 estimates add to the following: -From a “bottom up” perspective, operating earnings of $240.78/share …

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S&P500 Price Projections – Livingston Survey June 2024

The June 2024 Livingston Survey published on June 14, 2024 contains, among its various forecasts, a S&P500 forecast.  It shows the following price forecast for the dates shown: June 28, 2024 5300.00 Dec. 31, 2024  5440.00 June 30, 2025 5667.9 Dec. 31, 2025  5824.60 These figures represent the median value across the forecasters on the survey’s panel. _____ …

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Jerome Powell’s June 12, 2024 Press Conference – Notable Aspects

On Wednesday, June 12, 2024 FOMC Chair Jerome Powell gave his scheduled June 2024 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 …

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CEO Confidence Surveys 2Q 2024 – Notable Excerpts

On June 12, 2024, the Business Roundtable released its most recent CEO Economic Outlook Survey for the 2nd Quarter of 2024.   Notable excerpts from this release, titled “Business Roundtable Q2 Economic Index in Line with Long-Term Average, Reflecting a Stable U.S. Economy“: Business Roundtable today released its Q2 2024 CEO Economic Outlook Survey, a …

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