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Category: Other Guys

Economic and and financial news and analysis from respected observers. Because I publish it, doesn’t mean I agree with it.

Trump’s Trade Wars and Global Growth Slowdown Put Pressure on Corporate Earnings

The combined impacts of rising dollar strength, reduced growth momentum in the global economy and President Trump’s trade wars are driving down earnings growth across S&P500 companies with double-digit drop in earnings of companies with more global (>50% of sales outside the U.S.) as opposed to domestic (
Per Factset data, released May 13, “The blended (combines actual results for companies that have reported and estimated results for companies yet to report) earnings decline for the S&P 500 for Q1 2019 is -0.5%. For companies that generate more than 50% of sales inside the U.S., the blended earnings growth rate is 6.2%. For companies that generate less than 50% of sales inside the U.S., the blended earnings decline is -12.8%.”

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How Do You Spell Volatility? T-R-U-M-P!

How do you spell volatility? T-R-U-M-P! Or at least Trump’s twitter account. After bashing The Fed and calling for rate declines, Trump is doubling down by asking The Fed to counteract China’s stimulus attempts to survive the ongoing trade war. (Bloomberg) — President Donald Trump pushed the Federal Reserve to “match” what he said China … Continue reading How Do You Spell Volatility? T-R-U-M-P! (Trump Seeks to Enlist Fed in His Trade Fight Against China)

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