Thursday, April 26, 2018

Wow! And Dang It!!

The first chart below jibes perfectly with our reporting herein on general conditions for stocks:

click to enlarge...

Bottom line: Earnings have been better than good!

This one (stock price reactions to better-than-good earnings) speaks to our cautious view of near-term prospects.

Bottom line: While lots of factors (an uncountable number of factors in fact) potentially influence the price of a share of stock, there's no question that the latest on global trade has created a wall of uncertainty. 

As we suggested yesterday, remove that wall and we become more constructive on near-term prospects. 

Charts courtesy of Bespoke Investment Group

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