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- 📊Earnings Season is Stronger Than Expected
📊Earnings Season is Stronger Than Expected
Issue #34 TIA Market Recap
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This Week’s Market Forecast… 📊
This is the first shortened trading week since Christmas and New Year’s. The market is closed today, Monday the 17th, in observance of Presidents' Day. I think it's good for investors to take a little time off after a hectic, news-driven start to the year.
The market doesn’t have many major events this week. If there is volatility, it will most likely be driven by events in Washington. The start of the year has already seen several volatile days, and we’ve written that we expect more to come throughout the year.
Earnings season is wrapping up, and overall, it has been better than expected. As of last week, 77% of reporting companies beat their estimates. I believe earnings growth will be the primary catalyst for stock market gains this year.
This week, the earnings report I’m most focused on is Walmart, which reports Thursday before the open. Walmart’s results will provide valuable insight into the health of the consumer.
For a while, it felt like every piece of economic data was coming in strong, creating a "Goldilocks" scenario for the economy. However, over the past two weeks, the data has taken a sharp turn in the opposite direction. First, we saw a weaker-than-expected jobs report, followed by a hotter-than-expected inflation report. Despite these negative prints, the market seemingly shrugged them off, reaching an all-time high last week.
Economic data this week is relatively uneventful. There are no major reports until Friday when we’ll get Services PMI and Manufacturing PMI. They are both key indicators of economic health, particularly in the services and manufacturing sectors.
I hope you enjoy your day off today!
Have a wonderful week!!
Top ETFs on our Radar… 📈

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Tune in every Monday and Friday for in-depth Market Analysis, Recaps, and a featured Stock & ETF.
Thanks for reading and have a great week!
-Ryan
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