News Formal

A resilient economy and strong earnings are overpowering normal election worries

  • 📰 CNBC
  • ⏱ Reading Time:
  • 24 sec. here
  • 9 min. at publisher
  • 📊 Quality Score:
  • News: 37%
  • Publisher: 72%

Investment Strategy News

Markets,Breaking News: Markets,Regwall-Pro

While volatility has picked up recently, returns on the S&P 500 are far above normal, and it likely has little to do with the economic policies of either candidate.

There's still two months to go in the year, and this is already one of the strangest markets we have seen in a long time. In years when there are presidential elections, and particularly close elections, the market is usually more volatile earlier in the year, and returns are typically slightly lower than in non-election years. Not this year.

The third quarter is exhibiting a typical pattern: overall earnings come down a couple percentage points going into the quarter , than estimates rise as companies begin to report and beat estimates. Third quarter earnings for the S & P 500 are up 8.4%, well above the 6.0% estimated at the start of October. 77.1% of the companies have beat analyst expectations and most importantly, companies are beating estimates by a wider margin than usual: 7.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 12. in NG

Nigeria Nigeria Latest News, Nigeria Nigeria Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

S&P 500 Rally Signals Broader Market Strength as Nvidia Takes a BackseatStocks Analysis by Michael Kramer covering: US Dollar Swiss Franc, US Dollar Canadian Dollar, S&P 500, Swiss Franc US Dollar. Read Michael Kramer's latest article on Investing.com
Source: Investingcom - 🏆 450. / 53 Read more »

S&P 500 futures retreat from record after data showing sticky inflation, weakening labor market: Live updatesU.S. stock futures dipped Thursday as investors weighed a slightly hotter-than-expected consumer price index report for September.
Source: CNBC - 🏆 12. / 72 Read more »

S&P 500 Earnings Preview: Deeper Downward Revisions Set Companies Up for Big BeatsStocks Analysis by Christine Short covering: S&P 500, Goldman Sachs Group Inc, JPMorgan Chase & Co, Wells Fargo & Company. Read Christine Short's latest article on Investing.com
Source: Investingcom - 🏆 450. / 53 Read more »

Stock Market Today: S&P 500 slips as hot inflation report dents rate cut outlookStock Market Today: S&P 500 slips as hot inflation report dents rate cut outlook
Source: Investingcom - 🏆 450. / 53 Read more »