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.
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.
For the last time, let's recall the prediction we made four weeks ago, back on 7 March 2016, when we explained why were going to discard our standard model's projections of a rough ride for the S&P 500 for the rest of March 2016:
Before we get into explaining the major market driving events of the week that ended on Friday, 19 February 2016, we're going to test your ability to interpret what our alternative futures chart is communicating. Here's the chart showing all the action that has taken place in the S&P 500 since 18 December 2015, where we've drawn a red box around the most recently completed week.
At the end of the last week of January 2016, stock prices rallied on the news that the Bank of Japan would implement negative interest rates in that country and that the Fed was likely to back off its plans to hike interest rates again before the end of 2016-Q1.
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.