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 Off to a Strong Start for 2019 · 18 Jan 2019 podcast

There's a funny trend going on where over the last several years, you've seen less companies just in general issue forward guidance on their future earnings. voice-verified

That said, we didn't see too many of those. voice-verified

And that was the big fear because Apple had just said earlier this month, warning about its own profits in the first quarter. voice-verified

So the concern was, are there going to be other companies that follow because of some of the China stuff that's going on? voice-verified

We haven't really seen that yet. voice-verified

But that said, we're still early on. voice-verified

We still have over 300 companies that still have to report in the S&P 500. voice-verified

And those could come out as you have the industrial companies that have a lot of exposure overseas as they say things. voice-verified

For the most part, though, investors are expecting fourth quarter earnings to hold up. voice-verified

I mean, that big question is going to really be what that first quarter looks like, which will certainly be lower than everything we've seen in 2018. voice-verified

Well, that's been the curious head scratcher because all throughout the end of 2018, politics was very much center stage, very much at the forefront of investors' concerns and was certainly playing a part in some of their decisions. voice-verified

You've had now – we're in the midst of the longest government shutdown ever. voice-verified

We have more and more. voice-verified

pieces of this investigation that's come to light that's obviously, you know, sending people off thinking, you know, how does this all end at some point? voice-verified

And I think for the most part, the market, some participants in the market have been fairly surprised that you have this shutdown and people have sort of ignored it. voice-verified

You know, when we look at sort of market performance and other shutdowns, voice-verified

It usually doesn't do this well. voice-verified

You don't usually see a 13 percent rise off of a low from December 24th, that Christmas Eve since then. voice-verified

So this has been in some ways pretty phenomenal. voice-verified

You know, that said, though, we were saying earlier that the uncertainty is entirely gone. voice-verified

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