bullish
Weekly Stock Bullfinder - Week of 4/17
SUMMARY
- With the upcoming first quarter earnings season taking center stage the next 3 weeks, there is yet again a well overdue reprieve from the back and forth focus on hiking, pausing, and cutting next steps of the Federal Reserve.
- The focus now goes back to company earnings and forward guidance and whether slowdowns picked up on ISM, PMI, and regional Fed surveys are now making its way through earnings reports.
- While still early, the first 22 S&P 500 Index companies reveal a 20% drop in earnings QoQ.
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