The earnings season gathers momentum in the final week of the month when the mega-cap tech companies are scheduled to deliver their Q3 updates. Microsoft was still 10% below the average price in Q3 2022 .
Other key issues likely to come up will be the health of the U.S. consumer, future hiring plans, as well as lingering supply chain concerns. More than a quarter of the companies in the S&P 500 earn a majority of their revenue outside the U.S., as per FactSet. The views discussed in this article are solely the opinion of the author and should not be taken as investment advice.The Russell 2000 is the canary in the coal mine for markets and yesterday's action is not great news for the S&P 500 and Nasdaq, despite the latter indexes doing 'okay'...
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