Earnings are still the engine and the market is not overvalued, but the environment we are in is creating pressure.
Right now, we have this positive confluence of earnings and economic news that has been propelling the market.
Intel signaled that earnings growth is slowing, but we expected that. The real question is how much it's going to slow, what companies are going to get hit, which one's aren't. We'll know more when more earnings reports come in.
Intel signaled that earnings growth is slowing, but we expected that, ... The real question is how much it's going to slow, what companies are going to get hit, which one's aren't. We'll know more when more earnings reports come in.
Investors are taking stock of earnings and questioning whether they should be as optimistic as they are.