Thursday, September 13, 2018

9/13/18 Trump + buybacks or failure of reflation

Who wins in the stock market?

Trump + buybacks vs. the failure of 
Inflation ^ > yields ^ > dollar ^ > stock market ^


Earnings per share, helped by buybacks, have been extraordinary.  I expect buybacks to continue, don’t you?

Is this extraordinary growth the Trump effect?

Earnings per share growth FROM THE SAME QUARTER A YEAR AGO:

06/30/18              26.0 %   estimated
03/31/18              20.2 %
12/31/17              11.6 %
09/30/17              12.1 %
06/30/17              16.0 %
03/31/17              26.4 %
12/31/16              29.2 %  Trump elected - Wow!
09/30/16                9.3 %
06/30/16                2.1 %
03/31/16                  .4 %
12/31/15            -18.1%

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