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Cory’s Chart Corner
Load MoreMany will focus the blame of market drawdowns on the tariffs and ignore the fact the SP500 (only a few weeks ago) was trading at 4 std devs above its historical mean…valuation also matters.
BREAKING: The European Union is preparing further counter measures against newly announced US tariffs of 20%, per CNBC.
Monthly Archives: October 2015
Recession warning: earnings and sales falling in Q3
Of the 173 S&P 500 companies that have reported Q3 earnings as at October 23, the blended earnings decline is -3.8%, making for the first back to back quarters of earnings decline since 2009. See: Factset Earnings Insight October 23, … Continue reading
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Canada: new government, same secular headwinds
Last week the International Energy Agency (IEA) lowered its forecast for global oil demand growth from a 5-year high of 1.8 million barrels a day in 2015 to 1.2 m barrels a day in 2016. As global production remains at … Continue reading
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VW scandal spreads out
On Sept. 3, 2015, VW admitted to U.S. and California regulators that it had not only been selling high-polluting cars but that it had deliberately outfitted them with “defeat devices” that sensed when an official emissions test was under way … Continue reading
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