Chart of the Day, Courtesy of the New York Fed The index for future business climate declined 11 points to -18.6, its lowest level since 2009, indicating that firms expected the business climate to worsen in the months ahead. Add this to the list of worries: global economic slowdown – highlighted by China’s 17-year low
“Our performance continues to be negatively impacted by a weakening global macro environment driven by increasing trade tensions and policy uncertainty,” FedEx Chief Executive Frederick W. Smith said in a statement. If anyone know about the underlying health of the global economies FedEx would be near the top of the list. Shares of FedEx Corp.
Morningstar has the Chart of the Day as it outlined Domestic Revenues for each country. The Chinese index leads the way with 87.26% of revenues coming from Chinese companies. Stay Tuned, Disciplined & Patient! {TJM} The Investor & Character Equation (ICE) | S + R = O IMPORTANT DISCLOSURE INFORMATION Please remember that past performance
Passive US equity funds have finally surpassed active US equity funds in assets under management. By the end of August, passive US funds had total net assets of $4.27 trillion, compared with $4.25 trillion in active US equity funds, according to data provided by Morningstar. Stay Tuned, Disciplined & Patient! {TJM} The Investor & Character
In my Charts of the Day, I focus on the RoC in earnings. That is the Rate of Change on a year-over-year basis. In the first chart, even though the absolute earnings levels will be positive, they are set to slow by 3.6% on a year-over-year basis. In the next chart, we see a potential