On Consumers, Earnings & New Semiconductors

Don’t be concerned about the New York Fed’s recent study of household debt and credit, says Jackie. The high rate of consumer credit delinquencies reported reflects data inaccuracies. All other indications suggest today’s consumer is the picture of financial health. … Also: A look at next year’s earnings growth prospects for various S&P 500 sectors and industries. The Information Technology sector is expected to lead the pack again, as energy- and supply-shocked sectors (Energy, Materials) lag behind, and two Health Care industries accelerate growth at a remarkable pace. … And in our Disruptive Technologies segment, novel semiconductor structures, with transistors stacked vertically, promise increased speed and efficiency.