August 17, 2024 | Tech Talk for Saturday August 17th 2024
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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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Don Vialoux August 17th, 2024
Posted In: Tech Talk
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