CNBC: “S&P 500 earnings beats aren’t the make-or-break factor for this market”
By admin_45 in IN THE NEWS
Excerpts from CNBC quoting DataTrek co-founder Nick Colas:
.... "That comes back to what DataTrek co-founder Nick Colas says may be the difference between this quarter and every other recent quarter since the Covid outbreak — companies really need to deliver on guidance...
... What’s not baked into the S&P 500 is what companies say about 2022, their margin structure given the push and pull of inflation, how much they are having to pay for labor, and other unknowns like productivity impacts from work-from-home. “A whole range of conversations, that for the first quarter since Covid, we have to get into the weeds of cost structure for companies. It is no longer the ’wow, beat by so much, that’s great,” Colas said"....
Read the full article here on CNBC!
