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September 14, 2024 | Tech Talk for Saturday September 14th 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 on the FOMC’s economic statement released on Wednesday at 2:00 PM EDT.

Consensus calls for a 0.25% reduction in the Fed Fund Rate to 5.25%. Consensus for Earnings and Revenues for S&P 500 companies Source: www.factset.com

A word of caution! Consensus for third quarter results calls for significantly lower than the 11.3% year-over-year earnings gain recorded in the second quarter. Third quarter earnings are expected to slip to a 4.9% increase. Consensus for third quarter revenues calls for a 5.3% year-over-year increase (versus a 4.8% increase last week)

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September 14th, 2024

Posted In: Tech Talk

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