(8/3/23) Earnings season is seeing unusual reward & punishment for results. Is dis-inflation and 2% growth coming? Earnings beats have lifted markets, bullish sentiment is rising sharply without the benefit of liquidity support. The Market correction begins: breakout of 20DMA is no big deal, but watch the 50DMA. Fixing Government spending and the Fitch Ratings downgrade: It's a joke. Explaining US Debt to Income Ratio; A look at the veracity of ratings agencies (Caution: Don't buy bonds on ratings alone). The difference between corporate and government debt. Where else are you going to go? Timing is everything: Will the Fitch downgrade trigger market correction and creation of buying opportunity for investors? Is the US becoming Japan? There's a 30-year lead on the US; the impact on stock prices. A brief history of ratings downgrades: The example of 2011; this is the Lag Effect.
2:25 - Reward & Punishment for Earnings
13:51 - Government Spending & Fitch Downgrade: It's a Joke
29:38 - Timing is Everything:
43:44 - A Brief History of Ratings Downgrades
Hosted by RIA Advisors Chief Investment Strategist Lance Roberts, CIO, w Portfolio Manager Michael Lebowitz, CFA
Produced by Brent Clanton, Executive Producer
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The latest installment of our new feature, Before the Bell, "Markets Continue to Work off Steam," is here:
https://www.youtube.com/watch?v=6wrnCJSqPvU&list=PLwNgo56zE4RAbkqxgdj-8GOvjZTp9_Zlz&index=1
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Our previous show is here: "Six Signs You're Ready to Retire"
https://www.youtube.com/watch?v=ztaZOBnpqeU&list=PLVT8LcWPeAugpcGzM8hHyEP11lE87RYPe&index=1&t=5s
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Articles mentioned in this report:
"Stocks Versus Bonds: Allocating For The Next Ten Years"
https://realinvestmentadvice.com/stocks-versus-bonds-allocating-for-the-next-ten-years
"Bullish Measures Are Getting Really Bullish"
https://realinvestmentadvice.com/bullish-measures-are-getting-really-bullish
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