America's Economic Future – A Discussion By Ted Kavadas
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 12 of “The Director’s Report” of February 22, 2013, and represent an aggregation of individual S&P500 component “bottom up” analyst forecasts: Year 2013 estimate: $111.86/share …
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. The movement of the ECRI WLI and WLI, …
On March 28, 2011 I wrote a post (“The STLFSI“) about the St. Louis Fed’s Financial Stress Index (STLFSI) which is supposed to measure stress in the financial system. For reference purposes, the most recent chart is seen below. This chart was last updated on February 21, incorporating data from December 31,1993 to February 15, …
I found various notable items in Walmart’s Q4 2013 earnings call transcript (pdf) dated January 21, 2013. 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 conference call comments; these previous posts are found under the “paycheck to paycheck” tag. Here are various excerpts …
With regard to our current economic situation, my thoughts can best be described/summarized by the posts found under the 21 “Building Financial Danger” posts. My thoughts concerning our ongoing economic situation – with future implications – can be seen on the page titled “A Special Note On Our Economic Situation,” which has been found near …
In this post I would like to highlight various areas which I believe indicate excessively positive sentiment and related measures indicating “froth” in the stock market. The stock market has had a remarkable “run” since roughly mid-November. This is illustrated in a 1-year daily chart of the stock market (S&P500) : (click on chart to …
Doug Short had a blog post of February 15 (“Michigan Consumer Sentiment Again Beats Expectations“) in which he presents the latest Conference Board Consumer Confidence and Thomson/Reuters University of Michigan Consumer Sentiment Index charts. They are presented below: (click on charts to enlarge images) – – There are a few aspects of the above charts that …
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. The movement of the ECRI WLI and WLI, …
On March 28, 2011 I wrote a post (“The STLFSI“) about the St. Louis Fed’s Financial Stress Index (STLFSI) which is supposed to measure stress in the financial system. For reference purposes, the most recent chart is seen below. This chart was last updated on February 14, incorporating data from December 31,1993 to February 8, …
The February NFIB Small Business Optimism report was released yesterday, February 12. The headline of the Press Release is “Small-Business Owner Confidence Barely Budges.” The subtitle is “The New Year begins with low expectation for future growth.” The Index of Small Business Optimism rose .9 points in January to 88.9. Here are some excerpts from …