Earnings Here & There

Check out the accompanying pdf and chart collection. Executive Summary: The global economy is still growing despite geopolitical and monetary policy headwinds, though the pace of growth is slow, which October’s global PMI data confirm. … Looking at stock market data globally, we find strong forward revenues, earnings, and profit margin data for the All Country World MSCI, mostly attributable to the US MSCI; the data for Emerging Markets MSCI aren’t as strong. … In the US, record-high weekly forward revenues and forward earnings suggest the same for Q3’s results. … Also: Joe reports that analysts’ estimate revisions reflect equal numbers of rising and falling estimates.