Monsanto’s really ugly earnings today do point to where the problems are in third quarter earnings growth–Surprise! profits aren’t equally bad across the economy

Monsanto’s really ugly earnings today do point to where the problems are in third quarter earnings growth–Surprise! profits aren’t equally bad across the economy

What’s that you say—you didn’t know there is a debate over earnings for the calendar third quarter? Earnings per share for the stocks in the Standard & Poor’s 500 are projected by Wall Street analysts to fall by 6.9% in the quarter. There’s a good possibility, though, that the projected decline in S&P 500 earnings overstates the weakness in the quarter. The index over-weights the energy sector

A weak dollar drives this rally to Day 5

The cause of the rally is pretty simple: With the weaker than expected jobs numbers for September the market has adopted the view that the Federal Reserve won’t raise interest rates until March 2016 at the earliest. The possibility of an October interest rate increase is now almost completely off the table as far as the market is concerned