[IMG]The yield curve first inverted in March. This is nothing to ignore.[/IMG]
June 23, 2019 by Seth Levine -
https://integratinginvestor.com/wp-c...edgraph-13.png
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Quelle: PMI Juni 2019: Weitere Wachstumsverlangsamung
Publiziert am 01.07.2019, Autoren: procure.ch, Credit Suisse
https://www.procure.ch/magazin/artik...verlangsamung/
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Zitat:
Key Metrics
Earnings Scorecard: For Q2 2019 (with 16% of the companies in the S&P 500 reporting actual results), 79% of S&P 500
companies have reported a positive EPS surprise and 62% of companies have reported a positive revenue surprise.
Earnings Growth: For Q2 2019, the blended earnings decline for the S&P 500 is -1.9%. If -1.9% is the actual decline for the
quarter, it will mark the first time the index has reported two straight quarters of year-over-year declines in earnings since Q1
2016 and Q2 2016.
Earnings Revisions: On June 30, the estimated earnings decline for Q2 2019 was -2.7%. Six sectors have higher growth
rates today (compared to June 30) due to positive EPS surprises.
Earnings Guidance: For Q3 2019, 6 S&P 500 companies have issued negative EPS guidance and 5 S&P 500 companies
have issued positive EPS guidance.
Valuation: The forward 12-month P/E ratio for the S&P 500 is 17.0. This P/E ratio is above the 5-year average (16.5) and
above the 10-year average (14.8).
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Quelle: John Butters, Senior Earnings Analyst,
jbutters@factset.com
July 19, 2019
https://www.factset.com/hubfs/Resour...ght_071919.pdf