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August 17, 2024 | Tech Talk for Saturday August 17th 2024

Don Vialoux

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Donald Vialoux is author of the free blog Tech Talk, a daily investment report available during the past 20 years at www.timingthemarket.ca. Comments focus on the seasonal and technical outlook for equity indices, commodities and sectors. Mr. Vialoux has 53 years of experience in the investment industry and is a past president of the Canadian Society of Technical Analysts (CSTA).

The Bottom Line

Focus this week is news from the Jackson Hole Symposium starting on Friday. Federal Reserve chairman Powell is expected to offer an outlook on U.S. inflation rates, employment rates and timing of a possible reduction in the Fed Fund Rate.

Consensus for Earnings and Revenues for S&P 500 companies Source: www.factset.com

Quarterly earnings and revenue estimates were adjusted modestly last week. Ninety three percent of companies have reported second quarter results to date: 79% have reported higher than consensus quarterly earnings and 60% have reported higher than consensus revenues.

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August 17th, 2024

Posted In: Tech Talk

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