Transcript:
Tom Vaughan:
Everybody welcome to Monday, the S&P 500 was down point 4%. Today, this is going to be a really busy week with a lot of earnings coming out this week, big companies like Coca Cola, and Disney and Pfizer and etc. Half of the S&P 500 companies have reported so far, the earnings have been spectacular, actually, 88% of the companies that reported so far have beaten their expectations, which is a great number altogether. Again, Wall Street is under estimating the overall power of the earnings potential for the companies that are out there right now. You know, the big headlines are the meta platforms and different companies like peloton that missed their earnings. But the reality is that most companies are actually exceeding their earnings. So we’ll see how that goes. Now, the expectations for the overall growth for the quarter for the fourth quarter of last year versus the fourth quarter of 2020 was 29.2% expected growth across these earnings that are coming out. Now, if you remember from the third quarter that made 36% growth, which was spectacular, so and 29 is still very, very good. And this would be the seventh quarter in a row where we’ve had companies greatly exceed expectations as a whole. So very good. As far as that goes, we do have the CPI number, the inflation number coming out on Thursday, that’s probably going to cause some volatility for the market.
So we’ll have to be aware of that. I think, I think inflation is going to continue to grow here, at least through March timeframe. As far as that goes, the expectation is 7.2%. So we had 7.1%. Last time they had the number come out. So you don’t have to see how that plays out. We have this big jobs number that came out on Friday. And they actually revised some of the jobs numbers from previous months to show that there were a lot more jobs created. And way more than expected, which is really kind of fascinating. So again, that kind of put some pressure on the Federal Reserve to be able to be more aggressive with the rate increases. At the same time, I think that the more jobs that we have, the more we’ll be able to ease the supply chain constraints. So I think these things are probably going to work out to be a good thing. Again, the theme is first half of the year, we’re going to have to digest all of these things and really get through this. And then the second half of the year could be quite a bit better here. So good chance for us to just kind of you know, watch for different opportunities and see what goes on as far as that goes. So that’s what happened today. I look forward to talk to you tomorrow. Thank you