Rudi's View | Jun 22 2017
By Rudi Filapek-Vandyck, Editor FNArena
As promised in Weekly Insights on Monday (see "All About Corporate Profits, Or Is It?"), below follows a collection of graphs and charts that could have accompanied my written assessment, but for technical reasons we publish a collection in the form of a separate story today.
The following images should be viewed/interpreted in conjunction with the written story published on Monday (on the website on Wednesday morning).
Morgan Stanley's leading indicator for US corporate profit growth:
Morgan Stanley's proprietary model for intrinsic value for S&P500:
US 10-year Government Bond Yield 2012-2017:
Earnings Per Share (EPS) expectations for the ASX200, as registered by Shaw and Partners:
Earnings Per Share (EPS) expectations for the ASX200, as registered by Shaw and Partners, from a different angle:
And finally, what is wrong in the following picture? While corporate profits are growing as a percentage of Australian GDP, the share of Australian's income has fallen to its lowest level since 1964 (thanks UBS).
(Do note that, in line with all my analyses, appearances and presentations, all of the above names and calculations are provided for educational purposes only. Investors should always consult with their licensed investment advisor first, before making any decisions.)
P.S. – If you are reading this story through a third party distribution channel and you cannot see charts included, we apologise, but technical limitations are to blame.
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