Spencer Jakab
speaker
157 appearances
1 recordings
1 series
first heard Jul 2026
last heard 26 Jul
Spencer Jakab’s voice in public audio — every appearance, attributed to the second.
Trend
recordings per month · last 12 monthsRecordings per month over the last 12 months — 1 in all, peaking in Jul 2026 with 1.
Appearances
Maybe not COVID.
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COVID was like totally supercharged.
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But I mean you tend to see rapid earnings growth like that after something bad has happened.
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Nothing other than Liberation Day, which was just a blip.
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Nothing bad happened.
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Nothing cratered the earnings.
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Not at all.
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And so corporate profit margins in the S&P 500 with or without that are very high.
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They're at or near a record.
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But if you look at –
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You take the bottom-up forecast.
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I mean strategists will be a little bit more cautious because they actually look at the – they think about – they're not missing the forest or the trees.
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But individual analysts are looking at their little sector, their six or seven or ten companies that they're looking at.
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And collectively, they're saying that this very rapid growth is not only going to accelerate towards the end of the year but also continue next year and the year after that.
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So you would basically have margins that record on top of record margins, which is probably highly unlikely.
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Like there are reasons why corporate margins, you can't compare it to the 1990s or the 1960s or whatever.
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Corporate America is different.
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Different kinds of companies have different profit margins.
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That's understood.
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You know, a retailer and an oil and gas company and a metal bashing company and a software company and a company that makes, you know, chips with 80% gross margins, different kinds of businesses.
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Showing 101–120 of 157 · page 6 of 8
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