Barron’s (May 2)
“Sure, it feels like the S&P 500 has nowhere to go but down….and sentiment toward stocks remains terrible.” Given this, ”you’d expect to see fundamentals crumbling. They haven’t. About 80% of companies have reported better-than-expected profits this earnings season, while margins of non-bank companies, at least, have increased from the fourth quarter despite higher inflation.” With everyone “so terrified” and fundamentals strong, “stocks might be ready to rise.”
Tags: Better-than-expected, Earnings season, Fundamentals, Inflation, Margins, Non-banks, Profits, Q4, S&P 500, Sentiment, Stocks, Terrified
New York Times (May 2)
“The recent performance of the stock market, which in April took its biggest monthly dive in two years, is hinting at economic trouble ahead, and is the latest complication in the Fed’s fight against inflation.”
Tags: April, Complication, Dive, Economic trouble, Fed, Fight, Inflation, Performance, Stock market
The Economist (April 30)
China cannot keep fighting a “forever war.” The nation’s “martial rhetoric will not help it defeat covid. And “victory, as Xi Jinping defines it” in terms of defeating or containing covid will only prove “an elusive goal…. Most countries have accepted that covid cannot be eradicated.” China, too, must learn “to live with the virus.”
Tags: China, Containing, Covid, Defeat, Elusive, Eradicated, Forever war, Live with, Martial rhetoric, Victory, Virus, Xi
