Via Hedgopia.com,
As of last Thursday, a little over four-fifths of S&P 500 companies reported 2Q17 results. Of the 422 companies, 70.1 percent beat on operating earnings, 20.6 percent missed and 9.2 percent met, as per S&P Dow Jones Indices.
With every passing month, the ECB gets closer to its (QE)D-Day: the day when it runs out of bonds to buy, which according to recent calculations could take place in just a few months unless the ECB taper its bond purchases soon.
Two weeks ago we summarized the stunning impact that ECB Predit Mario Draghi's 'whatever it takes' efforts have had on European capital markets in one simple chart...
Authored by Steve H. Hanke of the Johns Hopkins University. Follow him on Twitter @Steve_Hanke.
Andy Hall, the “Oil God,” acquired that attribution after making flawless, bullish calls on oil and loads of cash for his clients at Astenbeck Capital Management. Of late, the markets have failed to cooperate with Hall. So, he has renounced his bullish faith. Indeed, the Oil God has thrown in the towel on what had been his perma-bullish position on oil.
Authored by Constantin Gurdgiev via True Economics blog,
Here is the most important chart I have seen in some months now. The chart shows the 'new normal' post-2007 crisis in terms of per capita real GDP for the U.S.
Source: http://rooseveltinstitute.org/wp-content/uploads/2017/07/Monetary-Policy-Report-070617-2.pdf
The key matters highlighted by this chart are: