XJO - Bear Posts only (Factors which might cause the markets to fall), page-12074

"Sorry CK, you and your hours of spreadsheet tables lose again!"


Spoken like a true Calidus Resources shareholder, my esteemed friend.

You are comparing YoY earnings for the S&P 500, which Yardeni research estimate at -5.3%, whereas factset, have already revised this three times already from -7.0% to -5.2% and recently to -4.1%
I hope they make up their minds sometime, but let me tell you this, when they incorporate all the earnings to the end of the July 2023, reporting period, this gap will have narrowed to -1.7%. I have said as much already.

However, the numbers I posted were QoQ earnings for the top 1,200 US companies.
Surely, even a CAI shareholder knows the difference between YoY and QoQ, and that 1,200 companies is a much more representative sample of corporate America than the S&P 500
My numbers suggest that these 1200 companies increased QoQ earnings by 1.2%



My numbers have been confirmed by the US Bureau of Economics Analysis:



"Corporate profits in the United States rose by 1.6% from the previous quarter to $2.367 trillion in the second quarter of 2023, surprising markets that expected a 5.9% decline, and rebounding from a 5.9% drop in the previous three-month period."


I do however appreciate that members of this forum are averse to being informed by accountable Government agencies, preferring instead to get their "information" from Youtube and Twitter lunatics