Tag Archives: oil prices

S&P Is Not GDP: Why Profits Fall While GDP Is Growing

The media, and many of the econo-pundits they interview, are befuddled by the current profit picture. Why, they wonder, will Q1 profits decline materially while the economy continues to grow? They get that energy earnings have collapsed, but isn’t there … Continue reading

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Deflation Fears will Weigh on Stocks for the Next Few Weeks, Creating Opportunities

Why are stocks selling off when economists tell us declining oil prices are wonderful? Answer: full valuations, investor complacency, financial blow-ups from plunging oil prices, and fears of global deflation. Investor Complacency A couple of years ago you could still … Continue reading

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Q3 Earnings: Off to a Strong Start

Based on results so far, I believe investors will conclude in mid November that third quarter profits were fairly good and better than feared. The big exception, which will surprise no one, is the energy sector, which will weigh on … Continue reading

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