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
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…