QVMS - The Fundamentals Still Apply As Time Goes By

• Many folks are shocked at the magnitude of the recent correction and are baffled why fundamentally focused growth stocks were swept up. When the stock market corrects moderately, fundamentally superior stocks can be resilient. But when the correction is 10% or more, essentially nothing works.
• Fortunately, Q4 earnings season is forcing investors to think again, and I expect we’ll see an impressive rebound for many of our growth stocks. As we look at last week’s earnings results, we’re starting to see the momentum build.
• Among economic statistics, the Commerce Department announced its preliminary estimate for Q4 GDP growth was a torrid annual pace of 6.9%, well above economists’ consensus expectation of a 5.5% annual pace. For all of 2021, U.S. GDP grew at a 5.7% pace, the strongest annual rate since 1984.

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