Texas Legacy Wealth Management Blog
It’s a myth!
According to WebMD, the amino acid L-Tryptophan is not responsible for Americans’ post-Thanksgiving food coma. The real culprit is overeating. So, last week’s post-feast sleepiness can be blamed on big appetites.
Investors also indulged their appetite for risk last week. Barron’s reported:
This year investors have had to face a number of curve balls. Brexit, Federal Reserve rate hikes, the US election, and a slowing global economy have grabbed headlines throughout the year. Despite that noise (and legitimate concerns) it's important to remember a couple of variables that can often move stocks higher (or lower): earnings, and earnings expectations.
As the election approaches it appears investors' concern mounts with every twist and turn of the presidential race. It seems this nervousness is driven by the uncertainty surrounding the outcome of not only the presidential race but the House and Senate races as well.
‘Tis the season!
Third quarter earnings season, that is.
Every quarter, companies report earnings to let investors know how profitable the companies were during the quarter. When profits grow, a company’s share price may move higher. When profits decline, a company’s share price may move lower.
Was it good news or wasn’t it?
The U.S. unemployment rate ticked higher last week. The September jobs report showed the United States added 156,000 new jobs in September. That was 16,000 fewer than economists were expecting and 11,000 fewer than were added in August, according to Barron’s.