Finance  /  July 14, 2021

By Tom Burnett CFA On July 14, 2021, the Bureau of Labor Statistics reported the Producer Price Index (“PPI”) information for the month of June. The PPI increased by 1.0% in June, following increases of 0.8% in May and 0.6% in April. For the 12 months ending in June, the PPI rose 7.3%, the largest…

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Finance  /  July 13, 2021

By Tom Burnett CFA On July 13, 2021, the Bureau of Labor Statistics announced the consumer price index data for the month of June. The Index rose by 0.9% in June after rising by 0.6% in May. The increase was the largest one-month change since June 2008 when the Index increased by 1.0%. Over the...

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Finance  /  July 12, 2021

By Tom Burnett CFA As we begin to observe the reporting season for second quarter operating results, it is helpful to look at current trends in the consensus estimates for the S/P 500 Index companies. We will use data from the July 6, 2021 FACTSET report. Second quarter Index earnings are now expected…

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Finance  /  July 2, 2021

By Tom Burnett CFA On July 2, 2021, the Bureau Of Labor Statistics announced that net payrolls grew by 850,000 in the month of June. The figures for April and May were revised upward by a total of 15,000. The unemployment rate was unchanged at 5.9% and there were 9.5 million job seekers. Total employment…

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Finance  /  July 2, 2021

By Tom Burnett CFA On July 1, 2021, the International Monetary Fund (“IMF”) released its Concluding Statement following a detailed staff review of the current economic and political environment. The following projections are from this Concluding Statement. Real GDP is expected to grow by 7.0% in…

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