US Earnings Looking Up

(1) Earnings outlook brighter. (2) Recession fears abate as high-yield spread narrows. (3) Net Earnings Revisions Indexes more upbeat in May. (4) Forward revenues and earnings for S&P 500/400/600 either still stalled at record highs or moving to new highs. (5) Thanks again, Fairy Godmother. (6) The Melt-Up scenario is still possible given historically low yields. (7) Yellen is right: Productivity determines standard of living. (8) Productivity slowdown or measurement problem? (9) Real hourly compensation confirms productivity slowdown, but rises to record high.