QQQ - To Understand The Macro Study The Micro
2024-07-08 11:30:00 ET
Summary
- Right now, second-quarter earnings reports may be a better guide to the economic outlook than official statistics.
- Looking one, two or three months into the past is unlikely to help investors prepare for the future.
- If there is weakness in the jobs data in three months’ time, it will likely be because companies started seeing weakness in demand three months ago and are cutting workforces today.
- While the Tech sector might get the headlines, we think the balance of sentiment in the other industries will tell us more about the strength of the broader economy over the next 12 months.
By Shannon L. Saccocia, CFA
Right now, second-quarter earnings reports may be a better guide to the economic outlook than official statistics....
To Understand The Macro, Study The Micro