Kelleher Financial Advisors 3rd Quarter 2020 Newsletter
By Tom Burnett CFA According to the latest compilations, analysts are issuing earnings forecasts that are stable and gradually improving since the July estimates were issued. The FACTSET report from October 16, 2020, now sees consensus estimates for the S/P 500 Index of $133.74 in 2020 and $166.46 in…
By Tom Burnett CFA On October 13, 2020, the International Monetary Fund (“IMF”) issued its latest report on the global economic condition. The October report is an update of the June 2020 report. The October report is somewhat more optimistic about the chances for global growth than the June forecast…
By Tom Burnett CFA In a well covered speech on October 6, 2020, Federal Reserve Chairman Jerome Powell repeated his call for greater fiscal support to help maintain the economic recovery. He noted that half the jobs lost due the Covid-19 pandemic and the measures to control the outbreak have been restored…
By Tom Burnett CFA On October 2, 2020, the Bureau of Labor Statistics reported its employment data for September. Total jobs, public and private, rose by 661,000 to 147.6 million, the largest figure since the Covid-19 outbreak crushed the economy in March. Total employment one year ago was 158.3 million…