Skip to Main Content
  • CIBC.com
  • CIBC Private Wealth
  • CIBC Websites
Client Login
  • Home
  • Our Team
  • Commentary
    • Blog
    • Video
    • Market insights
  • Services
    • Our solutions
    • Advisor Managed Account
    • Community
  • Commonly asked questions
  • Contact us
  • CIBC.com
  • CIBC Private Wealth
  • CIBC Websites
  • Client Login
 CIBC Private Wealth, Wood Gundy  CIBC Private Wealth, Wood Gundy

Cacic Wealth Management

  • Home
  • Our Team
  • Commentary
    • Blog
    • Video
    • Market insights
  • Services
    • Our solutions
    • Advisor Managed Account
    • Community
  • Commonly asked questions
  • Contact us

Blog

Address 500 Centre Street SE 27th Floor Calgary AB, T2G 1A6
Telephone Number (403) 508-3230
Email Email us
Email Email
Telephone Number Tel

Milan Cacic

November 24, 2023

Money Education Commentary In the news News Weekly update Weekly commentary Year In review
Facebook
LinkedIn
Twitter

Q3 EARNINGS: BETTER THAN EXPECTED

With most of the companies done reporting, the S&P 500’s third quarter earnings have risen 4.1% compared to this time last year. This was a welcome surprise after three consecutive quarters of earnings declines. It is even more surprising seeing an increase when most analysts were forecasting another decline.

 

The chart below shows Information Technology and Communication Services as the earnings leaders, with approximately 90% of companies in these two sectors coming in higher than forecasted. The earnings growth is still being dominated by the 10 largest companies, however, historically speaking, earnings growth in smaller companies typically follows soon after. Combine this with the fact that 5- and 10-year interest rates have dropped significantly over the past month, and we are setting up for a potential year-end rally. We deserve it!

 

graph

Source : Dynamic Funds

 

I've also included a piece from our CIBC Economics team entitled "Jobs aplenty. Output? Not so much.".

 

As always, if you have any questions, please feel free to give us a call at any time.

 

If you are celebrating US Thanksgiving, then happy Thanksgiving. For the rest of us, have a great weekend.

 

Milan

 

Related posts

Milan Cacic

July 11, 2025

CHAPS, CHARTS, AND CHARGING BULLS

Read more

Milan Cacic

June 27, 2025

THE MARKET IS VOLATILE - BUT OUR STRATEGY ISN’T

Read more
 
 
  • Rates
  • FAQ
  • Agreements
  • Trademarks & Disclaimers
  • Privacy & Security
  • CIRO AdvisorReport
  • Accessibility at CIBC
  • Manage Cookie Preferences
  • Cookie Policy
 Canadian Investment Regulatory Organization  Canadian Investor Protection Fund

CIBC Private Wealth” consists of services provided by CIBC and certain of its subsidiaries through CIBC Private Banking; CIBC Private Investment Counsel, a division of CIBC Asset Management Inc. (“CAM”); CIBC Trust Corporation; and CIBC Wood Gundy, a division of CIBC World Markets Inc. (“WMI”). CIBC Private Banking provides solutions from CIBC Investor Services Inc. (“ISI”), CAM and credit products. CIBC Private Wealth services are available to qualified individuals. Insurance services are only available through CIBC Wood Gundy Financial Services Inc. In Quebec, insurance services are only available through CIBC Wood Gundy Financial Services (Quebec) Inc.


CIBC Private Wealth services are available to qualified individuals. The CIBC logo and “CIBC Private Wealth” are trademarks of CIBC, used under license.