Markets Are Telling Us Something About the US Election
In the realm of economic markets, subtle shifts and patterns often provide early clues to the outcomes of major events. The US election is no exception.
economic indicators
Fed meeting, jobs report, and Big Tech earnings: What to watch this week
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Fed meeting, jobs report, and Big Tech earnings: What to watch this week
**Google’s Parent Soars: Dividend Debut, Earnings Triumph**
Alphabet, the tech giant behind Google, has wowed investors with its latest quarterly report. The company’s earnings per share of $24.62 eclipsed expectations, while revenue of $69.09 billion surpassed forecasts.
But the real bombshell came with Alphabet’s announcement of its first-ever quarterly dividend. This move sent shares soaring in after-hours trading, signaling investor confidence in the company’s future.
Alphabet’s advertising business remains its cash cow, with revenue surging 17% year-over-year. This dominance in the digital advertising realm underscores Alphabet’s unwavering position as a tech powerhouse
Economist David Rosenberg: Stock gains don’t align with reality
The stock market’s sustained rally is detached from economic reality, according to economist David Rosenberg. Despite tepid economic growth and a challenging earnings environment, equity prices have continued to surge, leading Rosenberg to question the validity of market valuations. He argues that the math “just does not add up,” highlighting a disconnect between asset prices and fundamental economic indicators. Rosenberg’s analysis suggests that the current stock market rally is unsustainable and a correction may be imminent, raising concerns about the stability of the financial system.