via @AndysCycles: The index is 2.33 times more expensive than it was at the top of the housing bubble. 3 valuation charts for your amusement. Corporate profits up 3% per year since 2006. $SPX over total business sales at all-time high. …
Most S&P 500 firms repurchase some shares though 10 firms made up 31% of all buybacks in 2018, Goldman has calculated. Apple has spent $74bn on share buybacks, 2.5 times more than it spent on Capex + R&D. Overall buyback …
via theguardian: entral banks are running the risk of a severe financial crisis through policies aimed at boosting short-term economic growth, the International Monetary Fund has warned. In its half-yearly global financial stability report, the IMF said the removal of the …
via fxstreet: Key highlights: • 2020 unchanged at 3.6%. • Says risks to the downside based on Brexit and US-China talks. • Says growth will stabilize in the first half of 2019, sees gradual recovery afterwards. • Sees global trade volume up 3.4% …
by Lance Roberts With the fourth quarter of 2018 reporting season now behind us, we can take a look at what happened with earnings to see what’s real, what’s not, and what it will mean for the markets going forward. …
by David Haggith The Fed’s surprise pivot away from any interest rate increases this year has boosted prices of stocks, high yield bonds and other risky assets in spite of nagging investor concerns about slowing global economic growth….. The quandary for the Fed …
Largest monthly inflow to S&P 500 growth ETF ever! Previous inflow extremes also preceded significant market selloffs. Record bullishness at near record valuations can never a good sign. Credits to @jessefelder pic.twitter.com/fSpEIEVr20 — Otavio (Tavi) Costa (@TaviCosta) April 1, 2019 …
via Yahoo: NEW YORK (AP) — One of the most closely watched predictors of a potential recession just yelped even louder. The signal lies within the bond market, through which investors show how confident they are about the economy by …
by Shaun Richards Today has already brought some good economic news for the UK so let us get straight to it. From the chief economist of the Nationwide Building Society. “UK house price growth remained subdued in March, with prices …
via @Trinhnomics: We know: a) Asian trade were gang-buster up until Nov 2018 b/c of US demand & front-loading; b) But Asian trade & IP started to lose steam rapidly in 2019 As the US is the largest economy in the …
Economists tend to think of central-bank interest rates purely in terms of their effect on macroeconomic benchmarks such as inflation, output and unemployment. The Federal Reserve’s dual mandate, for instance, directs it to seek stable prices and maximum employment. Mainstream macroeconomic …
by QuantalyticsResearch US Stocks Preview Ahead of the Open US stocks index futures are trending lower this morning, following global stocks, after weak US data on Friday fueled growing concerns of a slowdown in global growth, with front-month Dow Jones minis -0.17%, S&P …
via mhanson: Amazing Housing Data… RedFin puts out a monthly home sales report, which contains a lot of great data. The chart below shows Feb 2018 year-over-year price growth, which was off the charts, compared to Feb 2019 year-over-year growth, which …
by WARREN MOSLER Decelerating global trade hitting home: U.S. manufacturing sector slowing as economy loses steam (Reuters) The Fed said manufacturing production dropped 0.4 percent last month. January was revised up to show output falling 0.5 percent instead of slumping …
via visualcapitalist: Global economics is effectively a numbers game. As long as the data adds up to economic expansion on a worldwide level, it’s easy to keep the status quo rolling. Companies can shift resources to the growing segments, and investors …
Have we seen the bottom in macro data? Global macro data may bounce in the next month, but the long term trend of low growth and disinflation prevails. … And central planners will not change it. pic.twitter.com/Ph44bWDkOI — Daniel Lacalle …
via brookings: DOWNLOAD Download the conference draft » ABSTRACT China’s national accounts are based on data collected by local governments. However, since local governments are rewarded for meeting growth and investment targets, they have an incentive to skew local statistics. China’s …
via euronews: FRANKFURT (Reuters) – The European Central Bank pushed out the timing of its first post-crisis rate hike until 2020 at the earliest and offered banks new rounds of multi-year loans in a bid to revive the currency bloc’s …
via CNBC: China’s number two leader Li Keqiang has warned the country faces “a tough struggle,” as he laid out plans to prop up the world’s second-largest economy. Opening the annual session of China’s parliament, he forecast slower growth of …
by WARREN MOSLER Well done Professor Kelton! Stephanie Kelton explains Modern Monetary Theory This is particularly ridiculous: U.S. offers up to 6 million barrels of oil from emergency reserve (Reuters) The U.S. Energy Department said on Thursday it is offering …
by sundance The Canadian government shocked the professional financial and economic media with their latest fourth quarter GDP release showing the economy has essentially come to a grinding halt at 0.1% growth. [Compare to U.S. GDP growth of 3%] The Canadian Q4 GDP …
We Are Close To The End Of The Tactical Rally – Credit Suisse strategists via reuters pic.twitter.com/AJ1UwZceS3 — *Walter Bloomberg (@DeItaone) February 18, 2019 China’s slow down in a picture UGLY! pic.twitter.com/rRUDdk5UhK — mcm-ct.com (@mcm_ct) February 18, 2019 Sales of …
Global revenue growth has collapsed pic.twitter.com/7jjQvvRrZ5 — zerohedge (@zerohedge) February 16, 2019 On Dec 24, only 1% of stocks in the S&P 500 closed above their 50-day moving avg, one of the most extreme oversold levels in history. After an …
SAN FRANCISCO/NEW YORK (Reuters) – Lyft Inc will pitch investors on its fast growth in the United States as it seeks to beat out Uber Technologies Inc to become the first publicly listed ride-hailing company, according to people familiar with …
Q1 2019 earnings expectations are now negative. Q2 expectations are below the inflation rate, meaning the first half of the year is now expected to have no real growth. Full-year forecasts are now at 5.4% and have several months to …
via mishtalk: byMish 16 hrs–edited For the fourth time since October, the IMF revised its global growth forecast lower. The Wall Street Journal reports IMF Lowers 2019 Global Growth Forecast. The global economy is starting the year on weaker footing, according to …
via CNBC: Earnings estimates keep coming down and now the first quarter forecasts are calling for a negative quarter for the S&P 500. But the year 2019 profits don’t look much better, and could end up growing at just about …
Severe damage to global growth has been spotted – prepare for a rough ride in the months ahead. I don't think the policies were/are in place by CBs to counter this rapid slowdown. Any mol pol maneuver by CBs work …
by Troy As the stock market rallies higher and is on the verge of breaking out above its 200 day moving average, the outlook for Q1 2019 corporate earnings growth is falling. Is this bad news for the stock market? …
via Marketwatch: The slowdown in global growth bears strong resemblance to a 2015-16 episode that was driven in large part by softness in China. This time around, China’s problems could prove even more damaging, warned economists at Oxford Economics. “The …