Calvin Harris is once again the top name on our Electronic Cash Kings list, nearly doubling the total of second-ranked David Guetta, who pulled in $37 million. Not bad for a guy who’s roughly a decade removed from being a supermarket stockboy in a remote town in Scotland.
In 2014, Calvin Harris topped the Electronic Cash Kings list with a haul of $66 million, the highest annual total ever recorded by a DJ to that point. Will he keep his crown this year? Tune in a week from today to find out.
I posted my analysis of BRIC quarterly Manufacturing PMIs here: http://trueeconomics.blogspot.com/2017/01/4117-bric-manufacturing-pmi-4q-2016-and.html and BRIC quarterly Services PMIs here: http://trueeconomics.blogspot.com/2017/01/4117-bric-services-pmis-4q-fy-2016.html.
We're awaiting S&P's month end official tally of the number of dividend cuts in October 2016 later today, but until then, we do have a sense of the relative health of the private sector of the U.S. economy from our real time sources that report the dividend declarations of U.S. firms. Our first chart reveals what they indicate for how 2016-Q4 is playing out so far, as compared to the previous three quarters (2016-Q1, 2016-Q2 and 2016-Q3):
What a difference two weeks can make. Two weeks ago, our regular sampling of dividend cut announcements indicated that July 2016 was easily the best month for the U.S. economy in a long time, bordering on levels we associated with relatively healthy growth conditions.
How is the pace of dividend cuts in the U.S. stock market during 2016-Q2 coming along compared to the previous quarter? And how does that compare to the pace of dividend cuts that was recorded in the year ago quarter of 2015-Q2?
How is the pace of dividend cuts in the U.S. stock market during 2016-Q2 coming along compared to the previous quarter? And how does that compare to the pace of dividend cuts that was recorded in the year ago quarter of 2015-Q2? We're answering both questions today with two charts. In the first chart, we'll compare 2016-Q2 announced dividend cuts with 2016-Q1, which itself was the worst quarter for announced dividend cuts since 2009.
It turns out that we have some sort of gift for understatement. Here is the conclusion to what we posted about what to expect for the S&P 500 for Week 3 of January 2016 well before the opening of trading on Tuesday, 19 January 2016.