Earnings vs. Politics---10/18/2016
In my last newsletter to clients, I talk about how everyone is focused on the election and, it seems like, no one is paying attention to earnings. Well, over the last two days the following companies have beaten earnings expectations (in many cases quite handily):
Bank of America
Johnson and Johnson
This is not an exhaustive list, just the names that popped right into my mind. And, as anecdotal evidence that people aren't focused on this, the front page of CNBC's website this morning has 21 highlighted stories and only 2 of those stories are on earnings (Goldman and Netflix).