Companies Winning Despite Sour Economy
Sometimes, it’s a good idea to get a second opinion.
And this may be one of those times.
Government reports are telling a rather bleak story about the economy. The headlines talk about high inflation, rising interest rates, and a possible recession.
But corporations are telling a more upbeat, optimistic story about business conditions.
Aside from a few high-profile misses, most companies have been checking in with solid second-quarter reports in the past few weeks.Through July 22, FactSet reported that 68% of S&P 500 companies reported positive earnings surprises, and 65% reported a positive revenue surprise.
I’m always encouraged about the economy whenever I see businesses enjoying success. While macroeconomic trends are still a steady headwind, corporate America seems to be sailing straight and true.
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Dr. Jason Van Duyn
AQuest Wealth Strategies
Dr. Jason Van Duyn CFP®, ChFC, CLU, MBA is a Registered Representative with and Securities and Advisory Services offered through LPL Financial, a Registered Investment Advisor. Member FINRA & SIPC. The LPL Financial registered representative associated with this site may only discuss and/or transact securities business with residents of the following states: IN, IL, TX, MI, NC, AZ, VA, FL, OH and CO.