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#Fundamentally Speaking: Earnings Optimism Explodes

Summary:
There are few, if any, Wall Street analysts expecting a recession currently, and many are confident of a forthcoming economic growth cycle. Yet, at this time, there are few catalysts supportive of such a resurgence. Economic growth outside of China remains weak Employment growth is going to slow. There is no massive disaster currently to spur a surge in government spending and reconstruction. There isn’t another stimulus package like tax cuts to fuel a boost in corporate earnings. With the deficit already pushing Trillion, there will only be an incremental boost from additional deficit spending this year.  Unfortunately, it is also just a function of time until a recession occurs. Wall Street is notorious for missing significant turning points in markets and leaving investors

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There are few, if any, Wall Street analysts expecting a recession currently, and many are confident of a forthcoming economic growth cycle. Yet, at this time, there are few catalysts supportive of such a resurgence.

  • Economic growth outside of China remains weak
  • Employment growth is going to slow.
  • There is no massive disaster currently to spur a surge in government spending and reconstruction.
  • There isn’t another stimulus package like tax cuts to fuel a boost in corporate earnings.
  • With the deficit already pushing $1 Trillion, there will only be an incremental boost from additional deficit spending this year. 
  • Unfortunately, it is also just a function of time until a recession occurs.

Wall Street is notorious for missing significant turning points in markets and leaving investors scrambling for the exits.

While no one on Wall Street told you to be wary of the markets in 2018, we did. We also warned you early in 2020. but it largely fell on deaf ears as “F.O.M.O.” clouded basic investment logic.

It is pretty likely before we get to the end of 2022, it will happen again.

Lance Roberts
Lance Roberts has sharpened that lens with 30 years in the investing world from private banking and investment management to private and venture capital. Lance Roberts’ perspective and common sense analysis is sought after by media outlets such as Fox 26 News in Houston, CNBC, CNN and Fox Business News along with numerous publications including the Wall Street Journal, USA Today, Reuters and the Washington Post. Roberts is the Editor of the X-Factor report and publishes the blog Daily X-change.

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