KFA Advisors, represented by Sean Kelleher and Colleen Kelleher Sorrentino, were proud sponsors of the 2019 Senior Baseball Charity Tournament for Autism Awareness organized by JAG-ONE Physical Therapy. The tournament, held annually, took place July 26th on Staten Island. …
As part of our continuing scrutiny of the S/P 500 Index earnings forecasts, our latest update shows slow earnings growth in 2019 and an increased rate for 2020. Specifically, the FACTSET estimate for 2019 is $165.36, up 2.4% from the 2018 level. For next year, the forecast expects earnings of $182.72…
On August 29, 2019, the Commerce Department issued its revised seasonally adjusted annual rate of GDP growth. The rate was lowered from 2.1% to 2.0%, somewhat lower than the annual rate of 3.1% in the first quarter. Inflation remained tame, at an annual rate of 1.7% for the Core figure which excludes…
As most observers expected, the minutes of the July Fed meeting did not give a clear indication of future policy decisions. Two officials argued for a larger half-point cut in the Fed funds rate, while other parties voted not to cut rates at all. The markets’ initial reaction to the release of the…
This week, the Department of Labor released its monthly report on U.S. inflation and the results showed unexpected strength. For the second month in a row, the Core (ex food and energy) rate rose to 0.3% from the prior month. This report showed the largest two-month gain since 2006. On a year-over-year…