50% Growth Projections in a Falling Market | Weekly Recap
Thanks for watching everybody! I hope you each got something out of hearing my perspective on last weeks earning reports.
The market is in a place that I have never seen it before, massive uncertainty, incredible amounts of fear and sentiment so poor the likes of which haven't been seen in years… and there could be more pain to come. Personally, after hearing the reports of last week I still believe the markets are to pessimistic about the future but earnings do look to be moving to a worse place to the short term.
The companies I recapped basically said they have not started to see a pull back in demand yet and supply has already been constricting quite a bit. So it seems the longer it takes demand to slow the longer inflation will be sticking around.
Next week some of the biggest companies in the world, the tech giants will be reporting and what they have to say will weigh heavily on the markets mind. So we all shall see…
AAII investor sentiment : https://www.aaii.com/sentimentsurvey
Bureau of Labor Statistics CPI Report : https://www.bls.gov/cpi/
For company earnings reports just visit the company's investor relations page.