And The Beats Go On…
Here’s what a lot of folks out there just don’t understand.
From Zacks Charts:
The first chart above highlights the blended beat rates.
The second chart highlights the new-all-time high in quarterly earnings.
The next three quarters are projected to each be new records.
Steady as she goes friends; while I would still love to see a summer swoon, maybe the internal churn this year is that summer swoon.
The broad market is well behind the most frequently covered indices, which are now heavily weighted by the big tech names and passive ETF flow of investor funds.
The coverage of the ETF element coming into play is not designed to scare anyone. It is there to help you be aware of what is unfolding so surprises are less burdensome in the future.
If I had to bet? Take it slow my friends....sloooooooowly.
Summer has been the frustrating sleeper I suspected it would be back in May. They all are.
And the pace of activity is set to be so slow these next two weeks that your head will spin if you don't fall asleep first.
The media headline spinners will reach whatever levels it takes to make you react and click into their stories.
Expect levels of unfettered nuttiness.
But when the dust settles and everyone is back to full force at investing desks, all sorts of "bargains" will be unearthed and the process will go on.
So remember to focus on demographics and not economics (the former drives the latter).