As the S&P 500 (^GSPC) approaches the 6000 level in the final quarter of the year, market uncertainties loom, particularly as the third quarter earnings...
) approaches the 6000 level in the final quarter of the year, market uncertainties loom, particularly as the third quarter earnings season unfolds. Charles Schwab chief investment strategist Liz Ann Sonders joins Morning Brief to share her perspective on the current market.
And I think the, the mega cap tech, the magnificent seven are always uh crucial within earnings season just because of their dominance from a contribution to index returns perspective. And it wouldn't surprise me if the bar yet again got set low, but it's the outlook for fourth quarter and into 2025 that I think is particularly important, especially as it relates to profit margins, the assumptions and 2025 estimates are for record breaking profit margins.Listen, and I'm curious just as we take a step back and, and figure out where we are right now within the market.
Uh Not that I think there's such a thing as a great market timing tool, But valuation is not one of them, valuations can be rich, they can get even richer for an extended period of time.And if you, if you did a correlation analysis, if you did a scatter gram of starting point valuation measures say on the S and P 500 then subsequent one year returns, there's no relationship.But it's a terrible, terrible market timing tool.
You've had the interest sensitive stocks, uh lead at times, you've moved into more defensive type stocks.Cozy up to this $10 shaggy-chic throw blanket this fall: 'So fluffy I could die'
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