Why Earnings Estimates Don't Matter Anymore (8/15/22)

(8/15/22) Will the impact of inflation on household budgets spur the Fed to back-off rate hike campaign? The bigger question is when might the Fed not just stop the hikes, but reverse the direction of rates? Technical commentary on the Bull vs Bears Battle Royale: How does a bull market continue amidst overwhelming, negative indicators? What could possibly go wrong with the IRS hiring armed agents with the ability to use deadly force? The unintended consequences of sending checks to households = high inflation; Ford CEO comments on EV's and coincidental price $8,500 price increase as Inflation Act extends $7,500 tax credit for EV's. The gap between government reporting and household surveys will likely close following November elections and data "revisions;" Is the current rally a stop along the way to lower levels? the biggest challenge to stocks going forward is valuations. Earnings were "okay" as better-than-expected, but better be better next quarter. Better to be long on the market than short, but that will change. SEG-1: When Will the Fed Start Reducing Rates? SEG-2: The Bullish- Bearish-Battle Royale SEG-3: The Unintended Consequences of the "Inflation Reduction" Act SEG-4: Why Earnings Estimates Really Don't Matter RIA Advisors Chief Investment Strategist Lance Roberts, CIO Produced by Brent Clanton, Executive Producer -------- Watch today's show on our YouTube channel: https://www.youtube.com/watch?v=t9pC2IcULsI&list=PLVT8LcWPeAugpcGzM8hHyEP11lE87RYPe&index=1&t=2687s -------- Our Latest "Three Minutes on Markets & Money: Markets Are Bullish on a Short Term Basis" is here: https://www.youtube.com/watch?v=qCxqUtCLSYE&list=PLVT8LcWPeAujOhIFDH3jRhuLDpscQaq16&index=1 -------- Our previous show is here: "Are Prices "Stickier" Than We Think?" https://www.youtube.com/watch?v=0dGTtx0sMZk&list=PLVT8LcWPeAugpcGzM8hHyEP11lE87RYPe&index=1 -------- Get more info & commentary: https://realinvestmentadvice.com/newsletter/ -------- SUBSCRIBE to The Real Investment Show here: http://www.youtube.com/c/TheRealInvestmentShow -------- Visit our Site: www.realinvestmentadvice.com Contact Us: 1-855-RIA-PLAN -------- Subscribe to RIA Pro: https://riapro.net/home -------- Connect with us on social: https://twitter.com/RealInvAdvice https://twitter.com/LanceRoberts https://www.facebook.com/RealInvestmentAdvice/ https://www.linkedin.com/in/realinvestmentadvice/ #Bull_Market #Bear_Market #Stock_Valuations #Federal_Reserve #Interest_Rate_Hikes #Inflation_Reduction_Act #Unintended_Consequences #Markets #Money #Investing

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