Depending on your perspective, this earnings season will either be opportunity or risk. I try to set up what is going on in the market ahead of the wave of idiosyncratic news.
Richard...I echo your thoughts on showing love and patience to others. Much needed in today's world. As an anecdote, my sister was traveling internationally and her flights were delayed a couple of times due to aircraft issues. There were 300+ angry people screaming at the ground staff about the cancellations, missed flights and delays. My sis and her two traveling companions were the few polite passengers who got rerouted onto another airline. Most of the 300 had a long 24 hours wait in the airport for the next flight. It pays to be nice to people.
What is your take on whether we get a recession or soft landing or something else next year?
P.S. God bless all you teachers and professors. My wife is a microbio, biochem, genomics professor. You guys have an over-sized impact on future generations and our economy.
Beach man- thank you for your thoughts. I saw that WSJ article and all I thought was that we must be getting close to Wall St bonus season so people change their minds. It is human nature. I think consumers are hanging in there but things are getting tougher. I think the biggest companies are fine but smaller companies are getting squeezed. Finally I think govt spending has had a disproportionate impact and may continue. Will govt crowd out the rest? Will inflation continue?,,I fear both and still see more risk than reward
Richard...I echo your thoughts on showing love and patience to others. Much needed in today's world. As an anecdote, my sister was traveling internationally and her flights were delayed a couple of times due to aircraft issues. There were 300+ angry people screaming at the ground staff about the cancellations, missed flights and delays. My sis and her two traveling companions were the few polite passengers who got rerouted onto another airline. Most of the 300 had a long 24 hours wait in the airport for the next flight. It pays to be nice to people.
On a macro note, what do you make of this recent WSJ article? https://www.wsj.com/economy/a-recession-is-no-longer-the-consensus-3ad0c3a3?reflink=desktopwebshare_permalink
What is your take on whether we get a recession or soft landing or something else next year?
P.S. God bless all you teachers and professors. My wife is a microbio, biochem, genomics professor. You guys have an over-sized impact on future generations and our economy.
Beach man- thank you for your thoughts. I saw that WSJ article and all I thought was that we must be getting close to Wall St bonus season so people change their minds. It is human nature. I think consumers are hanging in there but things are getting tougher. I think the biggest companies are fine but smaller companies are getting squeezed. Finally I think govt spending has had a disproportionate impact and may continue. Will govt crowd out the rest? Will inflation continue?,,I fear both and still see more risk than reward