S&P 500 Earnings Estimates The Magnificent Five are positioned for strong earnings growth through 2025, driven by superior sales growth, robust profit margins, and reasonable valuations relative to their growth potential. Image: Goldman Sachs Global Investment Research
YTD Cumulative Gold Flows Despite the upward trajectory of gold prices, the trend of outflows from gold ETFs has persisted. However, bullion and coin purchases have surpassed gold ETF sales and central bank gold purchases since Q3 2020. Image: J.P. Morgan
U.S. Economic Growth vs. S&P 500 EPS Growth Economic growth is a driver of earnings growth, as it creates opportunities for businesses to expand their operations, increase sales, and generate higher profits. Image: Goldman Sachs Global Investment Research
Housing – New One Family Houses Sold Total NSA U.S. new home sales rose 7.2% in January, which was better than expected. Image: The Daily Shot
U.S. Composite Activity Indicator vs. Monthly U.S. GDP Forecast The J.P. Morgan composite activity indicator has lined up with reported monthly GDP so far, as retail enjoys swift revival in sales. Image: J.P. Morgan
Japan GDP Japan’s economy shrunk at a 6.3% annual rate in late 2019 after sales-tax hike. Image: Financial Times
Where Do State Tax Revenues Come From? The most important category of revenue is individual income, followed by general sales. Income taxes paid by corporations rank fourth. Image: howmuch.net
U.S. Housing Forecasts The 12-month forecast suggests that housing starts, building permits and home sales are on the rise. Image: Arbor Research & Trading LLC
Housing Usually Heats Up in the Summer This great chart shows that U.S. home sales usually heats up in the summer. Image: Leonard Kiefer
Small Business Optimism Roars Back, Rivaling Historic Highs Small Business Optimism Index improved: expectations for sales, business conditions, and expansion rose. That’s good news for the U.S. economy. See why the “Small Businesses Optimism Index” is a good recession indicator. Image: National Federation of Independent Business (NFIB)
Daily Percentage Change in the Philadelphia Semiconductor Index (SOX) The Philadelphia Semiconductor Index (SOX) fell 10.26% last Friday, its sharpest decline since March 2020. The long-term story remains intact, but expectations had clearly overheated. Image: Deutsche Bank