On this week’s episode of Tape Talk, Quint and Daniel look at some of the current earnings reports coming out of companies this quarter and what it means for the markets now.
Slow Down Fears
One of the recurring themes from some recent earnings reports is of the economic slowdowns overseas as well as here at home. Companies seem to be finding that demand growth that had been growing steadily is poised to take a breather here in the near term. This can be seen in some of the recent forecast revisions as well as earning misses coming out of key companies in various sectors. While this doesn’t necessarily mean a recession is imminent it might mean that stocks will need to continue to reprice to account for updated earnings expectations.
The Power of a Plan
Planning helps navigate choppy waters and this time is no different. If you’ve prepared your retirement and investment plan then you likely know your required rate of return and can sleep better knowing that following the plan is your focus, not timing the market. However, if you don’t have a plan and you don’t know why you own what you own, it may be time to rethink your approach and talk with an advisor.
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