Corporate Earnings Estimates Continue to Improve

By Tom Burnett CFA   In the FACTSET report from November 6, 2020, the S/P 500 earnings forecast picture continues to improve.  The consensus estimate for 2020 is now $137.15, much improved from the July  10 forecast of $126.79.  The latest figure represents a decline of 15.9% from the $163.02 reported…

By Tom Burnett CFA On November 6, 2020, the Bureau of Labor Statistics issued another upbeat report on the employment status of the U.S. economy. The total jobs number rose by 638,000 from the prior month. October is the sixth consecutive month to report an increase in the overall employment number.…

By Tom Burnett CFA   As expected, on November 5, 2020, the Federal Reserve Open Market Committee issued its formal decision to maintain the current low interest rates policy.  The 12-member Committee voted  unanimously to keep the Fed funds rate in the range between zero and one-quarter percent. …

By Tom Burnett CFA   On October 29, 2020, the Department of Commerce’s Bureau of Economic Analysis issued its initial report on third quarter GDP growth for the U.S. economy.  The third quarter performance came in above expectations at the annual rate of 33.1% above the end of the second quarter. …

Kelleher Financial Advisors 3rd Quarter 2020 Newsletter