Corrie Driebusch

speaker
416 appearances 8 recordings 1 series first heard Oct 2018 last heard Oct 2024

Corrie Driebusch’s voice in public audio — every appearance, attributed to the second.

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And a lot of that has to do with a couple of things.
The whole market has benefited from the Federal Reserve signaling that they're not going to be raising interest rates much this year.
But also, trade tensions have eased.
There's been some progress there.
And the U.S.
economy seems to be doing OK.
And even more importantly, we're in the middle of fourth quarter earnings.
And
Tech companies are doing really well.
According to FactSet, more than 80% of them have beaten expectations, which is a good thing.
Well, that is the thing.
They're better than feared.
And we all remember that after that, it came after that December 24th low for stocks.
But Apple earlier this year did have that notorious lowered guidance where they issued a warning about demand in Asia.
And that really set the stage for a lot of lowered expectations for how any company that made parts that went into the iPhone or also relied on demand from the Chinese consumer might also be struggling.
And we haven't really seen that play out yet.
In part, yes, that is definitely true.
Heading into Friday's trading session, we had reports about trade negotiators.
They had week-long talks in Beijing, and they said that during negotiation, both sides were having a
there was still a substantial gap between the concessions that China is willing to offer and what the Trump administration will accept.
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