MarketWatch (August 10)
“The S&P 500’s earnings story is getting stronger and broader, and that’s good news for the stock market — particularly for shares of industrial, financial and technology firms.” With earnings already reported by 80% of S&P 500 constituents, “it is safe to say that this earnings season is on track to be a blowout.” What’s more, “nontech companies are leading tech with a higher margin of earnings outperformance relative to expectations. Nontech companies have topped estimates by about 10%,” while the Magnificent Seven and other tech companies are averaging a 4% beat rate.
Tags: Blowout, Broader, Earnings, Expectations, Financial, Industrial, Nontech, Outperformance, S&P 500, Shares, Stock market, Stronger, Technology
New York Times (April 29)
“Trump appears to be miscalculating yet again, believing that his blockade and economic pressure on Iran will succeed where his bombings failed…. Two months into the war, Iran and the United States each seems to feel it is in the stronger position. Faced with the prospect of making concessions to the other side, each may prefer to delay or escalate, with the world economy held hostage.”
Tags: Blockade, Bombings, Concessions, Delay, Economic pressure, Escalate, Failed, Iran, Miscalculating, Stronger, Succeed, Trump, U.S., War, World economy
Bloomberg (October 30)
“The one-year truce struck on Thursday in South Korea is likely to only stabilize relations between the world’s two largest economies rather than resolve fundamental differences, with both sides buying time to further reduce dependence on each other in strategic areas. And it made clear just how much stronger China has become since Trump’s first term in office.”
Tags: Buying time, China, Dependence, First term, Fundamental differences, Resolve, South Korea, Stabilize, Strategic areas, Stronger, Truce, Trump
Bloomberg (March 8)
“When it’s just the yield curve narrowing, or oil jumping, or stocks falling into a correction, maybe you can hold off on panicking over a recession. When all three happen at once, the argument gets stronger that it’s time to take the threat seriously.”
Tags: Argument, Correction, Falling, Jumping, Narrowing, Oil, Panicking, Recession, Serious, Stocks, Stronger, Threat, Yield curve
