Submitted by Lance Roberts via RealInvestmentAdvice.com,
Commercial bankruptcies are skyrocketing, oil prices have collapsed, profits have declined and Central Banks globally are pushing negative interest rates in hopes of keeping economies afloat. At any other point in history, such a combination of events would have investors scrambling for cover as market prices fell.
Submitted by Lance Roberts via RealInvestmentAdvice.com,
Earnings Are Beating Estimates Like Crazy
In a not so surprising outcome, the number of companies beating earnings estimates currently is above the 12-quarter average. Via Zacks Research:
“While growth remains problematic, actual results are turning out to be less bad relative to the low levels to which estimates had fallen ahead of this reporting cycle. More companies are coming out with positive surprises for both earnings as well as revenues.”
Submitted by Lance Roberts via RealInvestmentAdvice.com,
At the beginning of this year, I began discussing the technical weakness that was emerging in the markets. Since that time, the markets have remained under pressure leading to a continued cautious portfolio stance.
Submitted by Lance Roberts via RealInvestmentAdvice.com,
Recession Probabilities Rise
As I penned earlier this week: