Posted by David Hunter on Thu, 09/07/2017 - 11:45
One element of big news is that in the last earnings reporting period, 10 of the 11 industry segments surprised by exceeding earnings expectations. After several soft economic months in early summer, second quarter earnings reports also had to be adjusted upwards. In addition, retail sales have been improving and the business/manufacturing sectors are starting to invest capital themselves and have continued with selective hiring. The recovery is not just isolated here but is evident in other developed markets and the emerging markets as well. There is still risk to be dealt with however and it’s predominately geopolitical!
I have heard too much chatter lately blaming the sloppy September Market from the financial news talking heads. It’s some rubbish about September Markets always being bad.