My Investing Muse

Public Holidays There are no public holidays for Hong Kong, Singapore, the US & China in the coming week. Economic Calendar (18Sep2023) Notable Highlights Fed’s interest rate decision would be the highlight with some expecting a pause in the rate hike though one more rate hike is expected to take place. Philadelphia Fed Manufacturing Index will be released this week. This will shed light on the manufacturing sector’s performance and outlook. PMI - S&P Global Services PMI will be released this week. This would reflect if services are expanding or contracting. Building Permits & Home Sales . These will reveal the demand for buildings in the USA as various ones have touted the real estate crash. Jobless claims. Initial jobless claims will be announced on Thursday. This would form critical data points for the Fed to decide on the next interest rate adjustment. This is part of the data consideration for the Fed in their coming interest rate decision. Crude Oil Inventories c...

Factset has published a good overview as of 31 Aug 2023 for the S&P500 Q2/2023 earnings season: Here are some of the highlights: Inflation was mentioned 288 times and remained a topic of concern for the market. Should interest rates continue to rise, we can expect funds to move towards the bond market and out of the high-growth stocks. Out of the 11 business sectors, Consumer Discretionary has gained the most at 54%. 45 S&P500 companies have provided positive EPS guidance for Q2. It is the most positive since Q3/2021 and represents more companies having a more bullish outlook. Personally, this is good news. With less than 10% of the businesses, this can be limited to certain sectors with the rest of the sectors being neutral, less bullish or even bearish towards the market outlook. 79% of the companies have actual EPS above estimated EPS. This can be read as good news, with more companies beating the market expectations. However, beating EPS can be done if the estimate is lowe...