Cloudy With a Chance of Misses
The market is awash in corporate earnings this week and the likelihood of its repeating July’s performance is cloudy to say the least. Add to that the fact that job openings data came in slightly below expectations and manufacturing data continued to contract and one can see why investors are “cautiously optimistic” this morning. And continuing the “StreetSpeak” jargon, we are seeing the terms “broadening” and “selectivity” sneaking back into the lexicon. Now while these are good solid, fundamental investing principles, the fact that they are now back with “speaking parts” in the show begs the question “what were people doing up to this point?” If you’re not in, you can’t win is a truism, as is “chasing the tape a lot of times leads to throwing today’s money after yesterday’s opportunities.” Beware the tides of the latter part of this earning’s season.
“There is a tide in the affairs of men Which, taken at the flood, leads on to fortune; Omitted, all the voyage of their lifeIs bound in shallows and in miseries. On such a full sea are we now afloat; And we must take the current when it serves, Or lose our ventures.”
― William Shakespeare
Alexandra Esquivel-Murphy Joseph Esquivel-Murphy Don Ullmann
Marketing Strategy / Executive Talent / Business Development
2wYou are the eternal optimist! I agree that a swift recovery will (hopefully) be enjoyed by all!