To share insight into market outlooks amid the new data, Charles Schwab Senior Investment Strategist Kevin Gordon joins The Morning Brief.
How are you looking at the levels that we're currently trading at and whether or not you do still see some room here to the upside, I think there is.Number one and then number two kind of what to expect and maybe paring back the expectation of really strong gains akin to what we've seen. But when you start to look at where we are now in the earnings cycle, now you're moving back into double digit territory in terms of earnings growth.You're still seeing gains, but historically a weaker zone for the stock market.Now we're just moving into something that's a little bit more, you know, consistent with maybe relatively, you know, less strong gains, I would say, but you're not in negative territory.
And so you mentioned that even if companies are beating, they're still not being rewarded as much as we've seen in the past. So you're at the point in the cycle now where you need to start seeing actual sales growth and revenue growth improve because we've been in an environment of decelerating revenue growth still positive, but the change has been sort of moving lower.
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