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.
Trend
recordings per month · last 12 monthsNo recordings in the last 12 months.Older appearances are listed below; set an alert to hear about the next one.
Appearances
And this is because of the tax bill.
voice-verified
But you're still seeing, say, close to 20% earnings growth year over year, sales growth
voice-verified
over 7% year over year for the S&P 500.
voice-verified
Those are phenomenal numbers.
voice-verified
And that's building off of the last two quarters where earnings grew 25% in each of those quarters.
voice-verified
Going from here, that's all going to slow down, especially 2019 when you don't have that immediate effect of the tax bill.
voice-verified
So for investors, earnings is still really good.
voice-verified
But I think it's showing that they're more focused on all these other things going on, whether it's geopolitical, whether it's trade,
voice-verified
or whether it has to do with Washington, D.C., they're not so much focused on the earnings reports at this very moment.
voice-verified
It did, and I think investors are sort of caught in this tough spot where they're realizing growth in China is weakening.
voice-verified
The U.S.
voice-verified
also is now one of the best-looking economies in the world, but they're trying to resolve, well, where does this trade tension bring the market now?
voice-verified
And with that still unresolved, I mean, we're still a far way off.
voice-verified
It seems like we're still a ways off from some sort of meaningful deal, that it seems like investors at this point are just pricing in way more uncertainty than anything else.
voice-verified
A lot of investors still think the U.S.
voice-verified
looks the best.
voice-verified
We just had additional data come out this week that further supported that this economy isn't showing any signs of stopping, and earnings are reflecting that right now.
voice-verified
And next week, we'll have 170 earnings reports from S&P 500 companies.
voice-verified
That's the real bulk of it, and that'll give further conviction to investors, hopefully.
voice-verified
But that said, I think there's a realization also setting in on this point where investors are asking themselves, did we already see the best it's going to get?
voice-verified
Showing 1021–1040 of 1,567 · page 52 of 79
← Previous
Next →