Have an exogenous event that drags down the whole mark and always say this could be the opportunity to get your toe in the water if youve got some spare money lying around yet after senator marco rubio said he couldnt vote for the tax bill the market took a hit and dow ultimately dipping 77 points s p declining 0. 41 and nasdaq edging down 0. 28 . How many took this moment and treated it as a buy, buy, buy im betting most of you didnt i dont want to get in front of this d rail freight train. Not after weve rallied hundreds of points based on the idea this tax bill will pass yet, the risk of being a pollyanna, id like to point out this is precisely the kind of event that brings out mass sellers, especially in the s p 500 stocks, well, and then creates the momentarily proverbial sale. Sell, sell, sell. On coveted merchandise you would otherwise have to chase to own and always say, look, theres a store that throwing a sale in the mall and, hey, lets get mothballs and im a buyer. Same kind
Thise about 30 into session. This is only the worst session in a little more than a months time for the major averages here in the u. S. Recordid, we have seen after record recently. This is a little bit of a switch in sentiment, certainly, if nothing else. Also, as we have been talking about with the anniversary of black monday, that is something a lot of traders are talking about and thinking about, and if you have not checked out our oral history on bloomberg. Com of that day, it is a fascinating read. We are amid earnings season as well, so it is about the fundamentals. This is a Slower Growth in earnings season, or is expected to be. The earningspershare estimates for the s p 500 and the yearoveryear growth that is estimated. We have come out of this earnings recession now, we have four quarters under about our belts of growth, and there is estimated to be growth this past quarter, but it is Slower Growth, as you can see, before and it acted increasing growth an expected increase
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Raytheon Technologies Corporation (NYSE:RTX) Q3 2023 Earnings Call Transcript October 24, 2023 Raytheon Technologies Corporation beats earnings expectations. Reported EPS is $1.25, expectations were $1.19. Operator: Good day, ladies and gentlemen, and welcome to the RTX Third Quarter 2023 Earnings Conference Call. My name is Latif, and I will be your operator for today. As […]