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Deep Value Dividend Growth Index Week 31 Update: Economic Growth Continues Slowing But Great High-Yield Opportunities Continue To Abound

Posted On June 28, 2017 1:36 am
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Weekly Economic Data Review

While housing numbers came in better than expected, and weekly new jobless claims continue to be at multi-decade lows, the overall economic picture continues to show ongoing week growth. This means that it’s becoming less and less likely that the positive soft data (strong business and consumer confidence) will translate into actual acceleration in either wages, or growth.

That being said both the the New York and Atlanta Fed is maintaining its real time growth forecast for the next 2 quarters.

New York Fed GDP NowCast: 1.9% for Q2 1.5% for Q3 (unchanged from last week)

Atlanta Fed GDPNow: 2.9% for Q2 (unchanged from last week)

Fortunately the super index, a metaanalysis of 9 other leading economic indecies, indicates that the probability of a recession within the next 3-4 months is just 2.31%

 

About author

Dividend Sensei
Dividend Sensei

I'm an Army veteran and former energy dividend writer for The Motley Fool. I currently write for both Seeking Alpha, Simply Safe Dividends, Investorplace.com, and TheStreet.com. My goal is to help all people learn how to harness the awesome power of dividend growth investing to achieve their financial dreams, and enrich their lives. With 20 years of investing experience, I've learned what works and more importantly, what doesn't, when it comes to building long-term wealth and income streams. I'm currently on an epic quest to build a broadly diversified, high-quality, high-yield dividend growth portfolio that: 1. Pays a 4% to 5% yield 2. Offers 9% to 10% annual dividend growth 3. Pays dividends AT LEAST on a weekly, but preferably, daily basis

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