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December 7, 2024 | Tech Talk for Saturday December 7th 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

U.S. economic focuses this week are on November CPI released on Wednesday and November PPI released on Thursday.

Canadian focus is on the Bank of Canada’s interest rate decision on Wednesday. Consensus calls for at least a 0.25 basis point reduction.

Consensus for Earnings and Revenues by S&P 500 companies
Source: www.factset.com
Earnings and revenue gains accelerate in the fourth quarter from the third quarter, but at a slightly lower rate than offered three weeks ago. (November 25th). Consensus calls for an
11.9% earnings increase (down from previous 12.0%) and a 4.8% revenue increase (up from previous 4.7%).

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December 7th, 2024

Posted In: Tech Talk

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