Earnings Outlook: Markets Dance as Music Plays On
- By John Tierney
- 2 min read
Summary
- Equities are cautious but trying to stay optimistic – as last week’s rally on hopes the Fed will raise rates ‘only’ 50bp attests.
- More tech companies serving corporate America report surprisingly soft outlooks as companies become more concerned about recession risk.
- We may be approaching the crossroads where the lagged impacts of tighter monetary policy and higher rates grow apparent.
- Only 21 companies report this week, but they include heavyweight bellwethers Costco and Oracle Corp., and Toll Br with an update on housing.
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