Sometimes, it’s a good idea to get a second opinion.
And this may be one of those times.
Government reports are telling a rather bleak story about the economy. The headlines talk about high inflation, rising interest rates, and a possible recession.
But corporations are telling a more upbeat, optimistic story about business conditions.
Aside from a few high-profile misses, most companies have been checking in with solid second-quarter reports in the past few weeks. Through July 22, FactSet reported that 68% of S&P 500 companies reported positive earnings surprises, and 65% reported a positive revenue surprise.
I’m always encouraged about the economy whenever I see businesses enjoying success. While macroeconomic trends are still a steady headwind, corporate America seems to be sailing straight and true. If you want to talk about this or any other matter please reach out to us at 928-639-3828.
Companies Winning Despite Sour Economy
August 18, 2022|