- Sales: +9.7% (4/20 data)
- Earnings: +22.6% (4/20 data)
- Respectable surprise numbers but remember the expectations game is rigged.
- Excellent growth numbers but remember it’s a one-time bump.
The market, at least at the single stock level, is saying thank you for the record earnings but what about the next 2-3 years?
That makes sense to me. Also, there are pockets of speculation here and there about when the next recession is going to show up. Is it close or far? Will it be shallow or not? Why are interest rates flashing some warning signs?
With those larger concerns circling, it makes sense to me that the market may be done projecting optimism and expanding multiples.
Have a great weekend, see youMonday
.-Mike
