[Breaking Point?] “A $10 Trillion Stock Market Rally Faces Crucial Test in Earnings”
July 17, 2023
“A near-$10 trillion rally for global stocks this year will face a make-or-break moment as hundreds of companies report earnings over the next few weeks.
S&P 500 firms are expected to post a 9% drop in profits in the second quarter, making it the worst season since 2020, according to data compiled by Bloomberg Intelligence. In Europe, it may be even worse, with a projected 12% slump. But with the bar already low — and some indicators suggesting an earnings recovery next year — strategists are split on how the market will react…”
Keep your eyes pealed. Personally I don’t think the market will tank yet. U.S. consumers, the people they call “YOLO spenders”, still have cash. This market wont tank until the Average U.S. middle class citizen is broken.
Listen people the market is acting like it was during WWII. Everyone better be asking themselves who is the U.S. at war with. I’ll give you a hint. It ain’t the Russians. Don’t worry all of you are going to find out. You will own nothing, eat bugs, and drink sewage water very soon. If you don’t know what I’m talking about you better find out.