The S&P 500 (Index: SPX) stayed in its redzone lane during the past week, not having much reason to do anything but that during the week that was.
It has been a while since we last featured the expected future for the S&P 500's quarterly dividends per share here in the S&P 500 chaos series. We've had complete futures data through the fourth quarter of 2021 since 21 September 2020, where we've created the following animated chart to show the day-to-day changes in the four weeks since. If you're accessing this article on a site that republishes our RSS news feed and you don't see the changing future, please click through to our site to access the animation.
You may have to watch through the cycle a couple of times to fully catch it, but the biggest change has been in the more distant future quarters of 2021, where the outlook has improved in recent weeks.
We'll keep this edition short and sweet by jumping next into the more significant news headlines we pulled out of the newstream in the past week.
- Monday, 12 October 2020
- Signs and portents for the U.S. economy:
- Bigger trouble developing in UK, France, China, Japan:
- Explainer: What is England's new COVID-19 lockdown system?
- Number of COVID patients in French intensive care units highest in nearly five months
- China's premier says 'arduous efforts' needed to achieve economic goals: state media
- Japan September wholesale prices slump, heightening deflation risk
- Bigger stimulus developing in Japan, EU using stimulus to force fiscal union:
- Kuroda says BOJ ready to ease more, has tools to cushion pandemic pain
- EU moving towards fiscal union with pandemic recovery plan: German FinMin
- ECB minions worry over stalling Eurozone economy, not certain copying Fed's new inflation targeting is a good policy:
- Euro zone economy losing momentum, ECB's de Guindos says
- Exclusive: ECB policymakers wary of following Fed's route on inflation target, sources say
- Apple and Amazon drive rally on Wall Street
- Tuesday, 13 October 2020
- Signs and portents for the U.S. economy:
- Oil rises nearly 2% as robust China trade data offsets returning supply
- McConnell sets Senate vote on coronavirus aid, Pelosi spurns White House bid
- U.S. small business confidence at highest since February
- Used vehicles lift U.S. consumer prices, but inflation slowing
- EU dishing out trade tariffs on U.S., China:
- EU wins tariff clearance on $4 billion of U.S. imports in Boeing case
- EU imposes tariffs on aluminium products from China
- Bigger stimulus to be doled out in Eurozone, signs of stimulus getting traction in China:
- How and when will EU countries get their recovery money?
- China auto sales jump in 'Golden September' as shoppers return to showrooms
- ECB minion thinks new COVID wave won't completely shut down EU economies again:
- Wall Street closes lower on vaccine delay, dampened stimulus hopes
- Wednesday, 14 October 2020
- Signs and portents for the U.S. economy:
- Oil rises 2% as OPEC complies with production cuts
- Mnuchin says coronavirus relief deal unlikely before U.S. election
- Fed minion holds huge contradictions within own head, another wants U.S. government to spend more:
- Fed's Clarida says U.S. data 'surprisingly strong,' but deep hole remains
- Fed's Daly says U.S. economy needs more fiscal support: CNBC
- Bigger stimulus being developed for third world, economic growth guaranteed in China:
- World Bank to propose $25 billion in extra funding for poorest countries
- China's third quarter GDP growth expected to improve: PBOC official
- ECB minions have some things to think over, Bank of Canada minions think they should get into digital currency:
- ECB policymakers set out wish list for strategic rethink
- ECB should look at broadening out its monetary analysis: Villeroy
- ECB's Mersch unconvinced of need for new strategy
- New virus containment measures would require more ECB stimulus, Holzmann says
- Pandemic accelerates need to consider digital currency: Bank of Canada
- Wall Street ends down after Mnuchin dims stimulus hopes
- Thursday, 15 October 2020
- Signs and portents for the U.S. economy:
- Oil eases as new lockdowns raise concern about fuel demand
- Trump calls for big COVID-19 stimulus but McConnell disagrees
- Trump threatens to 'strike back' if EU imposes tariffs over Boeing
- Fed minions say more needs to be done for jobs, look to fiscal over monetary stimulus:
- Fed's Barkin says hiring could recover slowly as companies streamline
- Fed's Kaplan says disadvantaged Americans need help getting back to work
- Fed's Daly: Monetary policy is in a good place, more fiscal help needed
- Bigger trouble developing in Canada, Central America:
- Canada sheds jobs for seventh straight month in September: ADP
- Central Americans edge north as pandemic spurs economic collapse
- Bigger stimulus to be doled out in Eurozone:
- EU parliament chief asks leaders for more money to unlock EU recovery package
- EU to use bond auctions to sell debt for 800-billion-euro recovery fund
- ECB minion thinks new COVID wave won't completely shut EU economies down again:
- S&P 500 ends lower as investors eye stimulus impasse
- Friday, 16 October 2020
- Daily signs and portents for the U.S. economy:
- Oil dips on COVID-19 resurgence, fears of more supply
- U.S. retail sales beat expectations; outlook murky
- U.S. manufacturing production unexpectedly drops in September
- Fed minions want more fiscal stimulus, think their monetary stimulus is fine, but still worry about economy:
- Fed's Kashkari: Recovery will be grinding and slow without more stimulus
- Current Fed bond purchases 'appropriate': St. Louis Fed's Bullard
- NY Fed's Williams says challenging period ahead for some sectors of economy
- Bigger stimulus developing in France, Japan:
- France plans $23 billion state-backed scheme to avert company failures
- BOJ has many tools to ramp up stimulus: deputy governor Wakatabe
- Dovish ECB minions don't want to stop stimulus:
- ECB's Villeroy says mistake to set end date now for pandemic response
- ECB's Visco says important for policies to remain accommodating
- Dow advances, S&P ekes out gain as vaccine timeline comes into focus
Looking for more news? Barry Ritholtz lists the positives and negatives he found in the past week's economics and markets news over at The Big Picture!