Earnings Continue to Win
The stock market typically grows bumpy in the late summer as the second-quarter earnings season winds down. The fact is I believe any dip in my fundamentally superior Accelerated Profits stocks is a good buying opportunity – and based on recent action, I’m not the only one. Our friends at Bespoke recently pointed out that the bull|bear spread has dropped below 20% for only the fifth time since 1990. When the bull|bear has dropped below 20% before, the SP 500 went on to post median returns of 2.7% in the following month, 9.19% in the next three months, 14.73% in the following six months, and 20.37% a year out. This is a very bullish signal. So, while there may be some short-term volatility, stocks are headed higher long term. In the near term, earnings are working. In other words, companies are beating estimates and that’s propelling their stock higher
Earnings Continue to Win
The stock market typically grows bumpy in the late summer as the second-quarter earnings season winds down. The fact is I believe any dip in my fundamentally superior Accelerated Profits stocks is a good buying opportunity – and based on recent action, I’m not the only one. Our friends at Bespoke recently pointed out that the bull|bear spread has dropped below 20% for only the fifth time since 1990. When the bull|bear has dropped below 20% before, the SP 500 went on to post median returns of 2.7% in the following month, 9.19% in the next three months, 14.73% in the following six months, and 20.37% a year out. This is a very bullish signal. So, while there may be some short-term volatility, stocks are headed higher long term. In the near term, earnings are working. In other words, companies are beating estimates and that’s propelling their stock higher