Succinct Summary: Earnings season has slowed but many companies are speaking at conferences for analysts and investors. The energy industry is underperforming, but overall, the US consumer is doing very well.
Succinct Summary: There are mixed signals about the direction the economy might take from here. Several companies are prepared for a downturn as they investigate what happened in the Great recession: The contact lenses industry grew and the recreational boats industry rebounded quickly.
Succinct Summary: It's been a slow week in earnings. The main highlight was the meeting of central bank governors at Jackson hole where the Fed chair acknowledged that the US economy is characterized by weak growth, weaknesses in manufacturing and stable inflation. Elsewhere, retailers have noted that in-store pick up resonates a lot with consumers. Significantly, CEOs expanded the focus of a company to beyond just serving the shareholders.
Succinct Summary: Most CEOs seem to agree that we are experiencing a slowdown, but not a recession. The fundamentals are strong with high consumer confidence and healthy consumer spending. Weaknesses in manufacturing persist though.
Succinct Summary: Effects of the weakening global growth can be seen in the hospitality industry where lodging demand has slowed. Fewer companies are intent on hiring or spending on hiring despite the tight labor market. Mortgage prepayments are rising given the lower rates. Further afield, Germany could be headed for a recession and the Chinese automobile industry is having a tough time.