Gail Dudack
Gail Dudack
april bit disturbing earnings economy good july knowing market markets month pattern peak predict quarter remind seeing seems seen sold somewhat starting watching wonder
I think that the one thing that is disturbing about the whole month of July is that you've seen the market sell-off on good earnings numbers. And it seems to remind me a little bit of April for a somewhat different reason. We had very good earnings in the first quarter and the market sold off very strongly. We're starting to see the same pattern in July. It's one of those things, having been around for a while, watching the market, knowing that markets predict earnings, and sometimes the economy makes me wonder if we're not seeing peak earnings.
corporate direction economy markets struggling therefore
Really what the markets have been struggling with is: What is the direction of the economy and therefore corporate profits.
nice
I think it's a carryover from what has been a really nice trend.