🔒 Premium: Direction of equities on a knife-edge – quarterlies will tip the balance

We’re about to enter the US’s quarterly earnings reporting season. Not for decades has Wall Street’s three monthly ritual been quite so important. The US stock market has just experienced its worst first half of any year since 1970. What happens next depends on what emerges from the companies themselves over the next few weeks.

Markets usually bounce back strongly after a sell-off like we’ve seen in 2022. But that’s not a cheque anyone’s writing just yet. For one thing, the meltdown came off a high base. For another, at their current level, stocks only offer value if earnings remain elevated. Were profits to disappoint, another sharp decline is likely.

WATCH: After being underweight on stocks, and US shares in particular, Corion Capital’s David Bacher says investors should act like the proverbial Man From Mars and recognize the value now on offer.
___STEADY_PAYWALL___

What to do? In our interview yesterday, Corion Capital’s David Bacher said after some time being underweight US stocks and techs in particular, his firm is buying again, moving back to neutral. He reckons after the sell-off, the risk of being out the market is now higher than being in it. Because over time, equities rise in value. Makes sense to me.

More for you to read today:

START YOUR MORNING BY LISTENING TO TODAY’S BIZNEWS BREAKFAST BRIEFING – Strong JSE, improved Bitcoin; Don’t hold your breath for eTolls decision; highlights of RW Johnson interview.


NB FOR YOUR WALL STREET JOURNAL ACCESS…

As a Premium subscriber you are entitled to full membership of wsj.com (normal price $29 a month). Be sure to action your access through the Premium link on the BizNews website. Because of The Wall Street Journal’s credential requirements, be sure to create a password which has at least 8 characters and includes at least one letter and one number – NB it MAY NOT contain any special characters (ie #, !, @ etc). To maintain access to WSJ.com, you MUST enter our partner’s website via Biznews Premium at least once a month. A final PS, if you had previously signed up for WSJ you’ll need to clear the cookies from your device. Our helpdesk can assist â€“ [email protected]

GoHighLevel
gohighlevel gohighlevel login gohighlevel pricing gohighlevel crm gohighlevel api gohighlevel support gohighlevel review gohighlevel logo what is gohighlevel gohighlevel affiliate gohighlevel integrations gohighlevel features gohighlevel app gohighlevel reviews gohighlevel training gohighlevel snapshots gohighlevel zapier app gohighlevel gohighlevel alternatives Agency Arcade, About Us - Agency Arcade, Contact Us - Agency Arcade, Our Services - Agency Arcade gohighlevel pricegohighlevel pricing guidegohighlevel api gohighlevel officialgohighlevel plansgohighlevel Funnelsgohighlevel Free Trialgohighlevel SAASgohighlevel Websitesgohighlevel Experts