We recently completed a survey of the educational background of the Chief Executive Officers (“CEO’s”) of the companies listed in the S/P 500 Index. The Index cumulative market cap represents about 80% of the equity market’s total capitalization (Yardeni Research, Inc, Report dated November 8…
On November 1, 2019, the U. S. Bureau of Labor Statistics released its jobs report for October. Job growth came in at 128,000 well above consensus projections in the 75-80,000 range. In addition, the job growth totals for August and September were revised to higher levels. The August figure was increased…
On October 30, 2019, the Federal Reserve’s Open Market Committee voted by an 8-2 margin to lower the Fed Funds rate by a quarter of a point to a range of 1.50-.75%. This action was the third time the Fed has decided to cut rates this year. The Fed statement suggested that the FOMC will...
On Wednesday October 30, 2019, the Commerce Department’s Bureau of Economic Analysis released third quarter preliminary GDP data. The annual rate of GDP growth came in at 1.9%, down from 2.0% in the June quarter and 3.0% in the first quarter. The 1.9% figure exceeded the consensus estimates of 1.6%…
On October 15, 2019, the IMF (International Monetary Fund) lowered its global growth rate forecasts for both of the 2019 and 2020 years. The IMF economics team now expects global GDP growth of 3.0% in 2019, down from its forecast of 3.2% last June. The outlook for 2020 is now set at 3.4%, down from.…