Friday, September 9, 2022
HomeWealth ManagementThe Bullish Case - The Irrelevant Investor

The Bullish Case – The Irrelevant Investor


It’s at all times simpler to provide you with a listing of issues that may go flawed than a listing of issues that may go proper. That’s particularly the case at present.

It looks as if everyone seems to be bearish as a result of a mix of inflation, rising charges, the fed attempting to gradual demand, falling shares, and housing rolling over. However quite a lot of the financial information doesn’t appear to be cooperating with the bearish narrative. Yesterday, for instance, U.S. jobless claims fell for a fourth consecutive week to a 3-month low.

As earnings season wraps up, we’re nonetheless not seeing a lot deterioration in company America. S&P 500 earnings grew 6.3% for the second quarter, with 75% of firms beating bottom-line expectations. This appears nothing like a recession, the place the typical decline in earnings is 21.3%. 

The U.S. economic system is pushed by the patron, and so they’re nonetheless spending at document numbers, even after inflation.

And talking of inflation, it does seem that the biggest value will increase are behind us. Gasoline is down 24% from its highs, delivery charges from China to Los Angeles are down 60%, and used automobile costs simply had their largest month-to-month drop since April 2020.

Is the whole lot nice? Hardly. However possibly issues aren’t as dangerous as folks concern both.

We spoke with Brian Belski about how onerous it’s been to stay bullish, and the info he’s to make the case. I believe you’re going to love this one. Have an amazing weekend.




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