First order of business this week is to relay to readers a note received this past week from John Butters, the FactSet principal behind FactSet's weekly "Earnings Inisight" report.
John sent me an e-mail this week, saying that FactSet did not state that 2018's "organic" growth rate for S&P 500 earnings was 14%, a figure I've been using on this blog for several months.
John said that FactSet has not published an official tax-cut-adjusted S&P 500 earnings growth figure for 2018. IBES by Refinitiv (the old Thomson Reuters division) and FactSet's Earnings Insight are the