America's Economic Future – A Discussion By Ted Kavadas
For reference purposes, below are two sets of charts depicting growth in the money supply. The first shows the M1, defined in FRED as the following: Before May 2020, M1 consists of (1) currency outside the U.S. Treasury, Federal Reserve Banks, and the vaults of depository institutions; (2) demand deposits at commercial banks (excluding those …
Advisor Perspectives had a post of May 28, 2024 (“Consumer Confidence Improves for First Time in Four Months“) that displays the latest Conference Board Consumer Confidence and University of Michigan Consumer Sentiment Index charts. They are presented below: (click on charts to enlarge images) – – While I don’t believe that confidence surveys should be overemphasized, …
As a reference for long-term house price index trends, below is a chart, updated with the most current data (through March 2024) from the CalculatedRisk blog post of May 28, 2024 titled “Case-Shiller : National House Price Index…“: _________ I post various indicators and indices because I believe they should be carefully monitored. However, as …
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 April 2024, updated on May 24, 2024. This value is $284,074 ($ Millions): (click on charts to …
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 May 2024 Chicago Fed National Activity Index (CFNAI) updated as of May 23, 2024: The CFNAI, with a current reading of -.23: source: Federal Reserve Bank of Chicago, Chicago Fed National …
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, …
The St. Louis Fed’s Financial Stress Index (STLFSI4) is one index that is supposed to measure stress in the financial system. Its reading as of the May 16, 2024 update (reflecting data through May 10, 2024) is -.9006: source: Federal Reserve Bank of St. Louis, St. Louis Fed Financial Stress Index [STLFSI4], retrieved from FRED, …
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 May …
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 May 10, 2024, and represent an aggregation of individual S&P500 component “bottom up” analyst forecasts. For reference, the …
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 May 10, 2024: Year 2024 estimates add to the following: -From a “bottom up” perspective, operating earnings of $241.40/share …