Wednesday Investment Advice on the Radio
Very red, markets around the world are lower this morning on persisting worries about weaker growth in China and the US. North American markets are off about 2% so far. I mentioned yesturday to watch if the S&P 500 holds above the 200 day moving average. The S& P 500 is now trading below the 200 day moving average which is a bearish technical indicator.
Earnings reports are winding down in the US. As of last Friday, 445 companies in the S&P 500 have reported Q2 results - Earnings for the quarter are up roughly 36% year-over-year, and 76% of the companies have reported positive earnings surprises. Of the roughly 130 companies that have reported on the TSX, 54% have positive surprises. Although Canadian companies earnings appear to have underperformed US, a positive note for TSX companies is that earnings misses tend to get penalized heavier in the US than Canada. Despite the positive earnings results, we are now seeing investors focus shift from earnings news to more macro issues, which aren't looking positive. For a second opinion on how to invest in challenging times give me a call at 868-5525 or visit yourlifeyourplan.ca
Earnings reports are winding down in the US. As of last Friday, 445 companies in the S&P 500 have reported Q2 results - Earnings for the quarter are up roughly 36% year-over-year, and 76% of the companies have reported positive earnings surprises. Of the roughly 130 companies that have reported on the TSX, 54% have positive surprises. Although Canadian companies earnings appear to have underperformed US, a positive note for TSX companies is that earnings misses tend to get penalized heavier in the US than Canada. Despite the positive earnings results, we are now seeing investors focus shift from earnings news to more macro issues, which aren't looking positive. For a second opinion on how to invest in challenging times give me a call at 868-5525 or visit yourlifeyourplan.ca
posted by David Allard at
12:42 PM
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