Sometimes, it’s a good idea to get a second opinion.
And this may be one of those times.
Government reports are telling a rather bleak story about the economy. The headlines talk about high inflation, rising interest rates, and a possible recession.
But corporations are telling a more upbeat, optimistic story about business conditions.
Aside from a few high-profile misses, most companies have been checking in with solid second-quarter reports in the past few weeks. Through July 22, FactSet reported that 68% of S&P 500 companies reported positive earnings surprises, and 65% reported a positive revenue surprise.
I’m always encouraged about the economy whenever I see businesses enjoying success. While macroeconomic trends are still a steady headwind, corporate America seems to be sailing straight and true.
The opinions voiced in this material are for general information only and are not intended to provide specific advice or recommendations for any individual. All investing includes risk including the possible loss of principal. No strategy assures success or protects against loss. All indices are unmanaged and may not be invested into directly.
Companies Winning Despite Sour Economy
July 29, 2022