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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Appearances
And there's been a few reasons why that's changed.
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Going back to January 4th, when this really started, this all began with a very strong jobs report where it showed great gain in jobs, rise in wages, but not too far where the stock market was able to get some certainty that maybe
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Thank you very much.
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that there is consideration of relaxing some of the tariffs that have been put on Chinese imports so far.
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On top of that, even in some ways just as important, if not more, the comments has come from Federal Reserve Chairman Jerome Powell.
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And that's just really put the market a bit more of an easygoing state around the pace of interest rate hikes.
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While we don't have certainty there, that's all this combination of things have just led to a more easygoing market where things can go higher finally.
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That's the other part of all this, is that now you have earnings going on.
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Earnings are a bit softer than what we've seen in the previous quarters.
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But that was expected, wasn't it?
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That was expected.
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You've seen September analysts bringing down their expectations for the fourth quarter.
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So yeah, the banks, they kicked this off.
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Most of the bank earnings, we weren't surprised to see some weakness, say, in trading revenue.
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But overall, those banks are very healthy.
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Again, another sign that the economy is...
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Isn't isn't going off a cliff anytime soon.
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We're getting into the real bulk of earnings now in the next couple of weeks as we look, especially some of the technology companies that have to report and then some of the consumer facing businesses like a Starbucks is reporting in the week.
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We even Intel during the week as well next week.
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So as investors sort of see those companies and see how they respond, they're going to then want to make sure that that storyline holds, that the economy is in fact strong, and that any weakness that these companies can in fact handle.
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Showing 721–740 of 1,567 · page 37 of 79
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