Tag: PINVX

Fed policy had impact on equity sectors
Equity

Fed policy had impact on equity sectors

Financials and consumer discretionary stocks performed well in the risk-on environment of the third quarter. Also among cyclical stocks, we saw basic materials advance in the quarter. I believe this is due in large part to economic stimulus from the Federal Reserve, which announced a third round of quantitative easing that was well received by

Corporate earnings growth rate may have peaked
Equity

Corporate earnings growth rate may have peaked

We are getting more signs that there may be earnings disappointments on the horizon, but I believe investors are prepared for this. In fact, expectations were low coming into the third quarter, but I believe the market acknowledged that even if earnings were weak, valuations still weren’t stretched. Also worth noting is the fact that