Michael Wursthorn

speaker

1,567 appearances 29 recordings 1 series first heard Jul 2017 last heard Nov 2021

Michael Wursthorn’s voice in public audio — every appearance, attributed to the second.

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WSJ Your Money Briefing · Stocks Rise; Investors Await Jobs Data and the Fed · 25 Jan 2019 podcast

So a couple of good earnings that came out this week. voice-verified

So far, earnings are shaping up to be voice-verified

fairly good overall around 11% year-over-year earnings growth for the S&P 500. voice-verified

It's not as high as, say, expectations were in September. voice-verified

So there was some adjusting to that, obviously, in the fourth quarter that led to that sell-off. voice-verified

But people are realizing that earnings haven't fallen off a cliff. voice-verified

So they're seeing companies like voice-verified

Like IBM, Comcast, United Technologies all this week report pretty strong earnings. voice-verified

On top of all that, the government shutdown was just something that's been lurking in the background of all this. voice-verified

I mean, obviously, investors weren't too concerned about the immediate impact because we've had this incredible rally over the last five weeks. voice-verified

The Dow's been up for five straight weeks now. voice-verified

But, you know, that said, there was always this concern that if the government shutdown were to go on longer and longer, that at some point you're going to see that impact on GDP growth. voice-verified

So with this, that just knocks off another one of those concerns. voice-verified

It's still more, but this just gets that list down to a more manageable size for investors. voice-verified

When we think about sort of all these issues focusing on the markets, I mean, the Fed is probably the biggest factor of all this. voice-verified

You know, I think investors over the next several weeks... voice-verified

are going to be looking very closely to see sort of what the Fed's willing to do with its balance sheet, whether or not it wants to end that process earlier or push it out a little further. voice-verified

And even just as importantly, interest rates as well. voice-verified

So these things are, as investors are getting a sign that maybe some of the tightening that the Fed was considering is not going to be as quickly as they originally anticipated. voice-verified

I mean, those are things that I think investors are seeing and they're getting some certainty that at least for now, this isn't going to make stocks go off a cliff. voice-verified

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