The current financial landscape reveals concerning trends for the business world. With less than half of S&P 500 companies surpassing revenue estimates, the performance is at its weakest point in the last four years. Moreover, the declining percentage of buybacks as a portion of the $SPX market capitalization in the third quarter is a worrying sign, hitting its lowest level in two years. This could indicate a potential lack of confidence in the market or a shift in corporate financial strategies.
Another red flag is the steep decline in the demand for loans in the United States. Such a drop in loan demand could be indicative of a broader economic slowdown or hesitancy among consumers and businesses to take on debt.
Less than half of S&P 500 companies are beating revenue estimates, the lowest % in 4 years pic.twitter.com/Aaix2rnjZF
— Barchart (@Barchart) November 7, 2023
Buybacks as a % of $SPX market cap hit its lowest level in Q3 in 2 years.
via BofA pic.twitter.com/yWLvGQJOQG
— Daily Chartbook (@dailychartbook) November 7, 2023
US Demand For Loans pic.twitter.com/qnQrvnG8qP
— Longview Economics (@Lvieweconomics) November 7, 2023
— Financelot (@FinanceLancelot) November 7, 2023
Asset Managers are the most long equities they've been in more than a decade pic.twitter.com/Q0JEpwoCpL
— Win Smart, CFA (@WinfieldSmart) October 10, 2023
Tech relative to S&P 500 has just hit record highs pic.twitter.com/FbUXtKl6nT
— Game of Trades (@GameofTrades_) November 7, 2023
Here comes the cover for recession in 2024: it's all the war's fault.t.co/pTip7CjOWs
— zerohedge (@zerohedge) November 6, 2023