Jul 31, 2023
(7/31/23) Investors prepare for August with the "rarity" of
market performance: entering the seasonably weaker months of summer
with 90% of stocks trading above their moving average; there is a
high likelihood they will come back down. Earnings Season continues
with the bulk of performance reports negative: We're getting more
earnings "beats," but less of a beat than usual and on lowered
estimates!) What are you really paying for? NVDIA valuation is
problematic at 40-times price to sales; most over-valued stock in
the S&P 500. The Lag-effect of what? Where's the
Recession? Beware Fed Funds in Excess of Nominal GDP Growth.
Government spending hasn't stopped. What happens after earnings
season ends? The expectations for stronger earnings growth: What is
the risk? The folly of a one-sided bet. The professional managers'
index now at 110%.
SEG-1: Defining Market Rarity as We Enter August
SEG-2: Lowering Earnings Estimates for Better Beats: What are you
paying for?
SEG-3: The Lag Effect of What? (Where's the Recession?)
SEG-4: What Happens After Earnings Season?
Hosted by RIA Advisors Chief Investment Strategist Lance Roberts,
CIO
Produced by Brent Clanton, Executive Producer
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Watch today's show, on our YouTube channel:
https://www.youtube.com/watch?v=G3s_0JPku5c&list=PLVT8LcWPeAugpcGzM8hHyEP11lE87RYPe&index=1&t=2100s
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The latest installment of our new feature, Before the Bell, "Moving
Averages Act Like Gravity ," is here:
https://www.youtube.com/watch?v=CyFoTE0-tuE&list=PLwNgo56zE4RAbkqxgdj-8GOvjZTp9_Zlz&index=1
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Our previous show is here: "Still No Recession?"
https://www.youtube.com/watch?v=tqRA0UPAUPc&list=PLVT8LcWPeAugpcGzM8hHyEP11lE87RYPe&index=1&t=45s
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Articles mentioned in today's show:
“Beating Estimates” – How Companies Win In Earnings Season
https://realinvestmentadvice.com/beating-estimates-how-companies-win-in-earnings-season
Economic Cycle Set To Improve But Are Bulls Too Bullish?
https://realinvestmentadvice.com/newsletter/
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Get more info & commentary:
https://realinvestmentadvice.com/newsletter/
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Contact Us: 1-855-RIA-PLAN
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