Penn Mutual Asset Management portfolio manager George Cipolloni joins Market Domination to break down the second quarter earnings season and market performance ahead of the 2024 election.
And so if you look at ups, for example, they got volume growth finally, but the crack was in the margins and and the new union contract that they're trying to digest on the cost basis.The other key thing is that we have tech coming up. And you mentioned George, you know, listen, big tech earnings on deck, the magnificent seven alphabet and Tesla, they started tonight after the Bell.Well, now just, you know, for full disclaimer, I'm a value investor and I tend to gravitate towards value.
It, it's funny, I mean, summertime is supposed to be nice and, and, and easy for us or at least a little more low key, but this summer certainly has not been in the past two weeks, really have not been.I think Charlie Munger was a very good teacher in that regard.So we try to look at things as clearly as possible and, and the way you do that is look at the policy and, and try to see if that policy makes sense.