Josh Scandlen
News • Business • Education
Destroying the doom and gloom when it comes to retirement planning and lots of other stuff too.

Oh, and by the way, always giving glory to our Lord, Jesus Christ! He comes first. Always.
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Earnings Growth = Stock Market Returns

Remember folks, Earnings Growth (EG) plus Dividend Yield (DY) +/ P/E contraction/Expansion is where your returns come from... so check this from Brian Wesbury over at First Trust Portfolios.

"Economy-wide corporate profits declined 5.1% in the first quarter of 2023, the fastest drop for any quarter since 2020 during the early days of COVID."

That puts a NEGATIVE in the first part of the equation for the first quarter. Not a good sign. HOWEVER, one could argue, with validity I might add, the markets are FORWARD looking by about 6 months thus the negative Q1 EG was already priced back in October when the market was in full bear mode.

There's a lot to that argument. However, now we have to wonder where EG comes from...going forward? AI seems to be the rage. I don't see that as a HUGE boost to EG. But who knows? I've been wrong many, many times.

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What else you may like…
Videos
Posts
Stocks For the Long Run? Maybe...Maybe Not

Ed McQuarrie talks the REAL History of Stocks and Bond performance.

https://www.edwardfmcquarrie.com/

01:08:52
Hey Conservative Christians!

This is what your unwavering support of Israel gets ya.

00:00:50
Indeed

You sure we’re supporting the right people?

00:00:36
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