Earnings Outlook: Market Mood to Reset Into Yearend?
- By John Tierney
- 2 min read
Summary
- Equities continue to be caught between a fight or flight dilemma – whether to fight the Fed or capitulate before a recession arrives.
- We think the Fed is dead serious about cutting inflation even if it ends up in recession. We suggest investors take advantage of rallies to reduce equity positions.
- Robust results from Oracle and Adobe show that enterprise spending on technology remains strong. Yet soft bookings from Accenture also suggest that the outlook for the enterprise sector may be getting cloudier.
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