Remarkable Revenues

(1) Nothing funky about strong revenues growth. (2) The bottom line is that the top line is looking good across the board. (3) Trump’s policies are mostly bullish for business sales, which are at record highs. (4) S&P 500 forward revenues at record high again, and again. (5) There is a divergence between strong S&P 500 revenues and weak OECD leading indicators. (6) The dollar doesn’t seem to matter much. (7) Mario Draghi says ECB’s policy is a work in progress. (8) BOJ still dreaming the impossible dream: A 2% inflation rate. (8) Bottom line: ECB and BOJ will continue to be ultra-easy until further notice.