Shares of Despite some of the increased economic lockdowns during the holidays, corporate earnings continue to beat expectations. That’s partly because companies are good at setting low expectations. But the fact remains that big business simply moves on in spite of just about anything from wars, to civil strife, to even a pandemic.
Yet despite this strong earnings season, the market isn’t rearing to head to new all-time highs. What gives? It may partly be valuations, which are stretched by any measure, such as GDP growth, earnings, sales, book value, or dozens of other metrics. Simply put, the strong earnings this quarter may not be enough to materially move markets higher, but at least it’s preventing the averages from having a big drop lower.
Now here’s the rest of the news:
January 27, 2020
Markets continue to be sensitive to the coronavirus outbreak. As news of a 2nd potential case in the United States broke, so did markets, leading to the first 1% intraday decline for stocks in months, but at least they closed off their intraday lows.
With a viral outbreak likely to weigh on economic activity in travel and tourism, expect airline and casino companies to be hard-hit for now, but a potential buying opportunity later. In the meantime, the only asset that seems to consistently rise on these outbreaks is gold as a safe-haven play from market chaos.
“Leadership is about persuasion, presentation and people skills.” —Shiv Khera
January 27, 2019
It is Sunday, hello World! What do you want to be when you grow up?
Caryl and I went for a walk around the neighborhood … snapped a few pictures of each other … and once back home … started again to read our respective books. I have delved a little deeper into the iPhone and iPad, iOS 12 for Seniors magazine¹ my sister-in-law [Esme] bought me last Christmas. I have enjoy reading and remembering that ‘techy stuff’.
<< RAW BEGINNINGS: I’m also studying Graphic Design to: edit, crop, lighten, move and remove objects from digital pics. I’ve got a long ‘techy ways’ to go before I can design my own logos, place text, and to add graphic effects … creating that ‘eye appeal, sizzle & pop’ my photos very badly require. Paying someone at Fiverr or Odesk to do this sounds great, but IF ONLY I could explain what I wanted, arriving at the identical end result pictured in my head.
If I am going to achieve true satisfaction working from home … I must ‘transform the thoughts in my head’ AND with the techy stuff mentioned in the preceding paragraph AND through action applied to the 4Ps [print], [pages], [posts] & [podcasts] … within the next 2 – 5 years retire Caryl (and together move to Newfoundland) and Labrador. Nothing can take that away from us!
¹Everything you need to know about your Apple iPad