π ECONOMIC REPORT
PPI report comes out tomorrow could move the markets which is then followed by November CPI next week and a Fed rate hike
Regardless of what happens with those, the market is still dealing with plenty of headwinds, setting up a difficult 2023 for many stocks
PPI report comes out tomorrow could move the markets which is then followed by November CPI next week and a Fed rate hike
Regardless of what happens with those, the market is still dealing with plenty of headwinds, setting up a difficult 2023 for many stocks
A recession seems more about when it happens and less about IF it happens
Ultra Growth stocks (AKA @CathieDWood stocks) have been crushed across the board with many down 70%+
Investors have been moving towards more Defensive sectors in recent months (Healthcare, Energy,etc)
Ultra Growth stocks (AKA @CathieDWood stocks) have been crushed across the board with many down 70%+
Investors have been moving towards more Defensive sectors in recent months (Healthcare, Energy,etc)
What is still left to happen, is a major revision of 2023 earnings, which are currently WAY too high
This is likely to start happening in Q1 '23
Right now, according to Factset, the S&P 500 average EPS is $232.53, which would be the HIGHEST EPS number ever reported by the index
This is likely to start happening in Q1 '23
Right now, according to Factset, the S&P 500 average EPS is $232.53, which would be the HIGHEST EPS number ever reported by the index
Odds are against that happening, so a big revision down could result in another leg lower for stocks
Something to be aware of when positioning your portfolio
Something to be aware of when positioning your portfolio
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