Earnings Scorecard: For Q2 2022 (with 18 S&P 500 companies reporting actual results), 13 S&P 500 companies have reported a positive EPS surprise and 15 S&P 500 companies have reported a positive revenue surprise.
Earnings Scorecard: For Q2 2022 (with 18 S&P 500 companies reporting actual results), 13 S&P 500 companies have reported a positive EPS surprise and 15 S&P 500 companies have reported a positive revenue surprise.
“We’re closer to the end than to the beginning.” - Michael Wilson, Morgan Stanley
Somebody should create a list of all these expert forecasts so we can compare afterwards. The fact is (IMHO) that every single expert is just guessing, same as the rest of us. I’m of the belief that for phenomena like this (behaviour of financial markets), access to more and supposedly better information doesn’t usually improve forecasting ability. That said, I am, admittedly, an idiot, so pay me no mind… 😃
“We’re closer to the end than to the beginning.” - Michael Wilson, Morgan Stanley
Somebody should create a list of all these expert forecasts so we can compare afterwards. The fact is (IMHO) that every single expert is just guessing, same as the rest of us. I’m of the belief that for phenomena like this (behaviour of financial markets), access to more and supposedly better information doesn’t usually improve forecasting ability. That said, I am, admittedly, an idiot, so pay me no mind… 😃
At the March 2009 low Mike Wilson thought there was another leg down. 😹
'Earlier waves of hype, such as the one that accompanied the dot-com boom of the 1990s, were grounded in fundamental technological advances. The current moment is different: We appear to be living in an unproductive bubble.' https://t.co/4s4fOZ3nql ht @AitkenAdvisors
“For long-term investors, it will prove beneficial over time that markets are exiting an artificial regime that was maintained for far too long by the Fed and that resulted in frothy valuations, relative price distortions, resource misallocations and investors losing sight of corporate and sovereign fundamentals. The promise now is one of a more sustainable destination. Unfortunately, it comes with an uncomfortably bumpy and unsettling journey.”
Thinking of buying more bets against the market (not Hussman).
Since the market off to a bad start Hussman Strategic might shine today!
Negative headlines would be more compelling and durable contrarian signals if reliable valuation measures were not still near 1929 and 2000 extremes. Unfavorable internals and recession risk don't help either.