##{"id":68811,"date":"2017-06-22T10:36:33","date_gmt":"2017-06-22T00:36:33","guid":{"rendered":"https:\/\/www.fnarena.com\/?p=68811"},"modified":"2017-06-22T10:36:34","modified_gmt":"2017-06-22T00:36:34","slug":"rudis-view-all-about-corporate-profits-the-charts","status":"publish","type":"post","link":"https:\/\/staging.fnarena.com\/index.php\/2017\/06\/22\/rudis-view-all-about-corporate-profits-the-charts\/","title":{"rendered":"Rudi&#8217;s View: All About Corporate Profits &#8211; The Charts"},"content":{"rendered":"<p>By Rudi Filapek-Vandyck, Editor FNArena<\/p>\n<p><!--StartFragment -->As promised in Weekly Insights on Monday (see &quot;<a href=\"https:\/\/www.fnarena.com\/index.php\/2017\/06\/21\/all-about-corporate-profits-or-is-it\/\">All About Corporate Profits, Or Is It?<\/a>&quot;), below follows a collection of graphs and charts that could have accompanied my written assessment, but for technical reasons we publish a collection in the form of a separate story today.<\/p>\n<p>The following images should be viewed\/interpreted in conjunction with the written story published on Monday (on the website on Wednesday morning).<\/p>\n<p>Morgan Stanley&#039;s leading indicator for US corporate profit growth:<\/p>\n<p><img decoding=\"async\" alt=\"\" src=\"http:\/\/www.fnarena.com\/ckfinder\/userfiles\/files\/2017\/06\/US Corporate Earnings - Leading Indicator - Morgan Stanley.jpg\" style=\"height:531px;width:832px\" \/><\/p>\n<p>Morgan Stanley&#039;s proprietary model for intrinsic value for S&amp;P500:<\/p>\n<p><img decoding=\"async\" alt=\"\" src=\"http:\/\/www.fnarena.com\/ckfinder\/userfiles\/files\/2017\/06\/US S&amp;P500 Fair Value - Morgan Stanley_Page_07.jpg\" style=\"height:544px;width:595px\" \/><\/p>\n<p>US 10-year Government Bond Yield 2012-2017:<\/p>\n<p><img decoding=\"async\" alt=\"\" src=\"http:\/\/www.fnarena.com\/ckfinder\/userfiles\/files\/2017\/06\/US 10 Yr Yield 2012-2017.jpg\" style=\"height:456px;width:832px\" \/><\/p>\n<p>Earnings Per Share (EPS) expectations for the ASX200, as registered by Shaw and Partners:<\/p>\n<p><img decoding=\"async\" alt=\"\" src=\"http:\/\/www.fnarena.com\/ckfinder\/userfiles\/files\/2017\/06\/Australian Profit Estimates - Shaw and Partners.jpg\" style=\"height:493px;width:832px\" \/><\/p>\n<p>Earnings Per Share (EPS) expectations for the ASX200, as registered by Shaw and Partners, from a different angle:<\/p>\n<p><img decoding=\"async\" alt=\"\" src=\"http:\/\/www.fnarena.com\/ckfinder\/userfiles\/files\/2017\/06\/Australian Profit Estimates 2017-18-19 - Shaw and Partners.jpg\" style=\"height:491px;width:832px\" \/><\/p>\n<p>And finally, what is wrong in the following picture? While corporate profits are growing as a percentage of Australian GDP, the share of Australian&#039;s income has fallen to its lowest level since 1964 (thanks UBS).<\/p>\n<p><img decoding=\"async\" alt=\"\" src=\"http:\/\/www.fnarena.com\/ckfinder\/userfiles\/files\/2017\/06\/Australia wage share of income equal lowest - UBS.jpg\" style=\"height:540px;width:832px\" \/><\/p>\n<p>\n<strong>(Do note that, in line with all my analyses, appearances and presentations, all of&nbsp;the above names and calculations are provided for educational purposes only. Investors should always consult with their licensed investment advisor first, before making any decisions.)&nbsp;<\/strong>&nbsp;<\/p>\n<p>P.S.&nbsp;&#8211; <em>If you are reading this story through a third party distribution channel and you cannot see charts included<\/em>, we apologise, but technical limitations are to blame.<\/p>\n<p><em>Find out why FNArena subscribers like the service so much: &quot;<a href=\"http:\/\/www.fnarena.com\/index4.cfm?type=dsp_newsitem&amp;n=29EB960D-9DFF-C00E-7F6B464E5D52E250\">Your Feedback (Thank You)<\/a>&quot; &#8211; Warning this story contains unashamedly positive feedback on the service provided.<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Collection of graphs and charts complementing this week&#8217;s Weekly Insights, All About Corporate Profits, Or Is It?<\/p>\n","protected":false},"author":3,"featured_media":68825,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[85],"tags":[],"acf":[],"_links":{"self":[{"href":"https:\/\/staging.fnarena.com\/index.php\/wp-json\/wp\/v2\/posts\/68811"}],"collection":[{"href":"https:\/\/staging.fnarena.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/staging.fnarena.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/staging.fnarena.com\/index.php\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/staging.fnarena.com\/index.php\/wp-json\/wp\/v2\/comments?post=68811"}],"version-history":[{"count":0,"href":"https:\/\/staging.fnarena.com\/index.php\/wp-json\/wp\/v2\/posts\/68811\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/staging.fnarena.com\/index.php\/wp-json\/wp\/v2\/media\/68825"}],"wp:attachment":[{"href":"https:\/\/staging.fnarena.com\/index.php\/wp-json\/wp\/v2\/media?parent=68811"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/staging.fnarena.com\/index.php\/wp-json\/wp\/v2\/categories?post=68811"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/staging.fnarena.com\/index.php\/wp-json\/wp\/v2\/tags?post=68811"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}