PMIs Are Healthy
Manufacturing picked up in November based on the latest ISM reading (59.3 from 57.7). New orders, production and employment all strengthened. Tariffs continue to be cited as a key concern. The ISM Services Index increased from 60.3 in October to 60.7 in November. Business activity and new orders strengthened while employment and export orders softened. Tariffs and rising input/labor costs were cited as headwinds moving forward.
U.S. retail sales rebounded 0.8% (4.6% Y/Y) in October led by sales of autos, building materials and electronics/appliances. On the flipside, durable goods orders were weak last month with a decline of 4.4%. Orders were largely flat when excluding the volatile transportation segment. Consumer confidence sat near an 18-year high in October, but the index cooled a bit in November as the future expectations gauge dipped with stock market volatility and Chinese trade tensions.
S&P 500 earnings grew 26% in Q3 with revenue growth of 9.3%. We have discussed concerns over more difficult year-over-year comparisons and that has already started to play out in Q4. Q4 earnings are forecast to grow 13.4% in the S&P 500 and this is down from 16.7% at the end of Q3. Revisions have also been skewed towards the downside. As of today, earnings are projected to grow 20.6% for full year 2018 on revenue growth of 9%, but that is expected to slow to 8.6% in 2019 on revenue growth of 5.6%.
37% of S&P 500 revenues come from overseas markets so there is a definite impact from trade tensions and the stronger U.S. dollar. A pause by the Fed and slower economic growth should lead to a weaker dollar which is ultimately good for non-U.S. assets and multinational corporations. Positive trade developments should also be positive for multinational corporations. The combination of strong earnings growth and the stock market decline has been positive for valuations that are now sitting below recent averages.
This entry was posted in Financial and Market News. Bookmark the permalink.
http://www.sunpointeinvestments.com
#PMI #S&P #investments
Anyone can join.
Anyone can contribute.
Anyone can become informed about their world.
"United We Stand" Click Here To Create Your Personal Citizen Journalist Account Today, Be Sure To Invite Your Friends.
Before It’s News® is a community of individuals who report on what’s going on around them, from all around the world. Anyone can join. Anyone can contribute. Anyone can become informed about their world. "United We Stand" Click Here To Create Your Personal Citizen Journalist Account Today, Be Sure To Invite Your Friends.
LION'S MANE PRODUCT
Try Our Lion’s Mane WHOLE MIND Nootropic Blend 60 Capsules
Mushrooms are having a moment. One fabulous fungus in particular, lion’s mane, may help improve memory, depression and anxiety symptoms. They are also an excellent source of nutrients that show promise as a therapy for dementia, and other neurodegenerative diseases. If you’re living with anxiety or depression, you may be curious about all the therapy options out there — including the natural ones.Our Lion’s Mane WHOLE MIND Nootropic Blend has been formulated to utilize the potency of Lion’s mane but also include the benefits of four other Highly Beneficial Mushrooms. Synergistically, they work together to Build your health through improving cognitive function and immunity regardless of your age. Our Nootropic not only improves your Cognitive Function and Activates your Immune System, but it benefits growth of Essential Gut Flora, further enhancing your Vitality.
Our Formula includes: Lion’s Mane Mushrooms which Increase Brain Power through nerve growth, lessen anxiety, reduce depression, and improve concentration. Its an excellent adaptogen, promotes sleep and improves immunity. Shiitake Mushrooms which Fight cancer cells and infectious disease, boost the immune system, promotes brain function, and serves as a source of B vitamins. Maitake Mushrooms which regulate blood sugar levels of diabetics, reduce hypertension and boosts the immune system. Reishi Mushrooms which Fight inflammation, liver disease, fatigue, tumor growth and cancer. They Improve skin disorders and soothes digestive problems, stomach ulcers and leaky gut syndrome. Chaga Mushrooms which have anti-aging effects, boost immune function, improve stamina and athletic performance, even act as a natural aphrodisiac, fighting diabetes and improving liver function. Try Our Lion’s Mane WHOLE MIND Nootropic Blend 60 Capsules Today. Be 100% Satisfied or Receive a Full Money Back Guarantee. Order Yours Today by Following This Link.
| Visits: | 1,708,481,952 |
| Stories: | 8,450,474 |
Whistler Blowers, Insiders
