Weekly Market Insights: 8-4-22 Markets Rally; Earnings Better Than Expected
July seems to be a good month in a similar way that October seems to be a bad month for equities, but we are certainly not out of the woods yet...
July seems to be a good month in a similar way that October seems to be a bad month for equities, but we are certainly not out of the woods yet...
The earnings season that’s currently underway may add to more negative sentiment. Wall Street analysts have not yet begun to lower earnings estimates for YTD, despite weakening economic indicators & data.
The low for the S&P 500 set on June 17th might again be tested as fears of a recession are setting in. The transition has swung from fears about inflation to fears about a recession.
In a holiday-shortened week of volatile trading, stocks surrendered some of the previous week’s strong gains.
There is little doubt by now that we are in a bear market condition and approaching a recession, we think around the end of 2022-beginning of 2023.
As we are seeing, the markets are becoming more and more concerned with a recession and a prolonged inflationary environment. This is not a surprise when you examine the data close enough, but not everyone does...
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