Chart Collection for Morning Briefing

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1 Chart Collection for Morning Briefing October 26, 17 Dr. Edward Yardeni Mali Quintana Please visit our sites at www. blog. thinking outside the box

2 Figure 1. S&P SECTORS PERFORMANCE: 17 (percent change ytd) S&P Sectors S&P Index (14.8) Consumer Discretionary (11.8) Consumer Staples (3.9) Energy (-9.7) Financials (.1) Health Care (.6) Industrials (14.9) Information Technology (3.8) Materials (18.3) Real Estate (.1) Telecom Services (-13.7) Utilities (12.9) Latest data thru: 1/24/17 Jan Feb Mar Apr May Jun Jul Aug Sept Oct Nov Dec 17 Source: Standard & Poor s Figure 2. S&P CONSUMER STAPLES STRG & STEG (percent) 1 1 1/19 STEG* (7.4) STRG* (3.4) * STEG is year-ahead forward consensus expected short-term earnings growth. STRG is year-ahead forward consensus expected short-term revenue growth. Monthly data through, weekly thereafter. Page 3 / October 26, 17 / Chart Collection for Morning Briefing www.

3 3 Figure 3. S&P CONSUMER STAPLES VALUATION Forward P/E* (19.2) 1/ * Price divided by forward consensus expected earnings per share. Monthly through December, then weekly. 3. Figure 4. S&P CONSUMER STAPLES VALUATION Relative P/E* (1.1) PEG Ratio** (2.4) 1/ / * Sector or industry forward P/E relative to S&P forward P/E. ** Sector or industry forward P/E relative to sector or industry consensus -year LTEG forecast. Page 4 / October 26, 17 / Chart Collection for Morning Briefing www.

4 69 9 Figure. S&P HOUSEHOLD PRODUCTS STOCK PRICE INDEX* (CHD CL CLX KMB PG) 1/ day moving average. * Ratio scale. Source: Standard & Poor s and Haver Analytics. Figure 6. S&P HOUSEHOLD PRODUCTS STRG & STEG (percent) STEG* (6.7) STRG* (3.1) 1 1 1/ * STEG is year-ahead forward consensus expected short-term earnings growth. STRG is year-ahead forward consensus expected short-term revenue growth. Monthly data through, weekly thereafter. Page / October 26, 17 / Chart Collection for Morning Briefing www.

5 Figure 7. S&P FOOD RETAIL STOCK PRICE INDEX* (KR) / day moving average. * Ratio scale. Source: Standard & Poor s and Haver Analytics. Figure 8. S&P FOOD RETAIL STRG & STEG (percent) 1 1 STEG* (-3.1) STRG* (2.3) 1/19 1/ * STEG is year-ahead forward consensus expected short-term earnings growth. STRG is year-ahead forward consensus expected short-term revenue growth. Monthly data through, weekly thereafter. Page 6 / October 26, 17 / Chart Collection for Morning Briefing www.

6 3 Figure 9. S&P FOOD RETAIL VALUATION Forward P/E* (1.6) 1 1/ * Price divided by forward consensus expected earnings per share. Monthly through December, then weekly Figure 1. JAPAN: POPULATION: 6 YEARS OLD + (millions) Oct Source: Ministry of Public Management. 32. Page 7 / October 26, 17 / Chart Collection for Morning Briefing www.

7 Figure 11. JAPAN: LIVE BIRTHS & DEATHS (12-month sum, millions) Live Births (.8) Deaths (1.1) May Source: Ministry of Health, Labor and Welfare. 6 Figure 12. JAPAN: CONSUMER CONFIDENCE ( + better, sa) 6 Sep Total (43.9) Overall Livelihood (42.) Income Growth (41.8) Employment (47.8) Willingness to Buy Durable Goods (43.) Source: Cabinet Office of Japan. 1 Page 8 / October 26, 17 / Chart Collection for Morning Briefing www.

8 1 Figure 13. JAPAN: TOTAL NATIONAL GOVERNMENT DEBT (as a percent of nominal GDP) 1 8 Q Source: Bank of Japan Figure 14. JAPAN MSCI STOCK PRICE INDEX A US Dollars Local Currency QQE QQEE NIRP 1/ YC Note: A = Markets start to anticipate Abenomics. QQE is Quantitative and Qualitative Easing. QQEE is the expanded and extended version of QQE. NIRP = negative interest rates. YC = Yield curve targeting. Source: MSCI. 4 Page 9 / October 26, 17 / Chart Collection for Morning Briefing www.

9 1 Figure. REAL GDP: JAPAN (quarterly percent change, saar) Total (2.) Q Domestic Demand (3.8) Private Consumption (3.4) Source: Cabinet Office and Haver Analytics. Gross Fixed Capital Formation (7.1) Q2 Q2 Q Page 1 / October 26, 17 / Chart Collection for Morning Briefing www.

10 13 12 Figure 16. JAPAN: KEY PRIVATE MACHINE ORDERS* (billion yen, sa) Aug * Excludes volatile ships and electric power (headline series). Source: Cabinet Office Figure 17. JAPAN: REAL CONTRACTUAL EARNINGS PER EMPLOYEE PER MONTH (yearly percent change) Nominal (.4) Real* (-.2) Aug * Deflated by CPI. Source: Ministry of Health, Labour & Welfare. Page 11 / October 26, 17 / Chart Collection for Morning Briefing www.

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