If you’ve raised toddlers, you can master reverse psychology in markets.
Same thing I told clients early July - earnings tend to be worse-than-expected when released into an overbought market + better-than-feared when released into an oversold market.
Q3 is key
#ProfitRecession
🇺🇸 2Q results from companies whose results have trailed analysts’ estimates have been rewarded with the biggest stock price gains in at least five years. #SPX firms that fell short of earnings expectations gained 0.6% after reporting results, according to Bloomberg data
@0rangeCru5h @SamanthaLaDuc Thanks for pointing that out. I read the story, it ends at the end of October, 8 days before the election. Humm...
https://www.energy.gov/articles/doe-issues-fifth-emergency-notice-sale-crude-oil-strategic-petroleum-reserve
SPR's "strategic" use was always meant to influence the election.
THAT!
My bet remains for 2022-24:
Waves of inflation peaks and equity bottoms. https://twitter.com/michaeljburry/status/1557518358228086784