Message from Jon
Last Friday with President Trump sending missiles over to Syria, I remember thinking "Oh, Boy, Here it goes!" as I was reading through the Yahoo Headline on my phone. My wife having asked me what does that mean and the only response I could find to give is...I am not sure yet.
Flash forward to this past Monday and thinking that I would see the market open down and to the contrary, it opens up? I guess there were other pressing matters on the minds of investors and money managers than Syria?
In reading a newsletter yesterday from Eric Kuby from North Star Investment Management indicating that earnings season is not only upon us but many companies are expecting to see positive earnings reporting and this MIGHT lead to a composite earnings increase of 20% in this quarter. We will have to wait and see on this one I guess.
In our previous messages, Crestmont Reaserch had indicated that earnings could in fact see a rise as well but they are also indicating an underperformance in the equities markets going forward. This looks like what the indicators are saying as well so at this point, we will simply wait and see how 2018 shakes out.
Till we speak again,