Don't Worry "Everything Bad is Priced In"

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Published : May 14th, 2018
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Category : Opinions and Analysis

The stock market has turned the corner. Everythig bad is priced in.

By now, investors priced in all the bad things they could price in: concerns about trade wars, geopolitics, rising rates and even fears that earnings growth peaked. But the economy is still growing and earnings are expected to grow by double digits this year and next,” said Karyn Cavanaugh, senior market strategist at Voya Financial.

“We must keep in mind that the first-quarter earnings have been boosted a lot by a one-time tax windfall. But second-quarter earnings are expected to grow by another 20% even without the windfall but as the underlying corporate tax cuts start to kick in,” Cavanaugh added.

Not Priced In

  1. Insane valuations
  2. Mideast war
  3. China slowdown
  4. Eurozone slowdown
  5. Change in attitudes towards stocks

Of those, number 1 and number 5 are standouts.

Source : www.themaven.net
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IMG Auteur
Mish 13 abonnés
Mike Shedlock / Mish is a registered investment advisor representative for SitkaPacific Capital Management. He writes a global economics blog which has commentary 5-7 times a week. He also writes for the Daily Reckoning, Whiskey & Gunpowder, and has over 80 magazine and book cover credits. Visit http://www.sitkapacific.com
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