Newsclips
Earnings Update: Massively Outpacing Estimates
August 10, 2020
Earnings season is roughly three-quarters complete. Beat rates and guidance to the upside are near records. Earnings growth rates are massively outpacing estimates.
Earnings season is roughly three-quarters complete. Beat rates and guidance to the upside are near records. Earnings growth rates are massively outpacing estimates.
Today's topics include treasury issuance vs. Fed purchases, the economic VIX, different opinions on inflation, betting on global stocks, central bank bailouts, more on the jobs data, loan loss provisions continue to mount, day traders' luck, and searching for yield.
The smallest companies in the S&P 500 are down an average of 37.75% YTD. The biggest companies are up an average of 8.22%.
Over the past few months, Treasury issuance outpaced the Fed's purchases by the largest margin on record.
A new Census Bureau survey offers an interesting window into the employment situation of U.S. households during the pandemic.
Despite concerns that the stimulus checks would be used in unintended ways, the majority of households spent the money on essentials.
Jobs have steadily increased for college grads since 2007, but the same cannot be said for those less educated.
An update of the world of negative-yielding debt
Select charts from our recent posts
Dividend yields since 1612
Classification errors continue. The employment report is simply not structured for this environment. It is structured on the assumption that the country is adding new jobs and growing the economy.