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Weekly Market Recap: Is There A Reverse Repo Crisis? How Concerned Do We Need To Be?

Wealthion - Be Financially Resilient

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The Importance of Forward Guidance

Adam Sobel: Earnings are important, but it's going to be the forward guidance that these companies operate. He says Wall Street is setting next year's limbo bar now and just like GDP quarterly estimates, it's probably going to walk down all through the quarter. Sobel: If you buy stocks today at 17 times earnings, if earnings aren't what they said they were going to be a year from now, assuming that prices don't even move, right? You're going to have overpaid for those earnings by a large degree.

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