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The Compound and Friends

Entering Year Two of the Bull Market with Tom Lee

Oct 20, 2023
01:09:48
Snipd AI
Tom Lee joins Michael Batnick and Downtown Josh Brown to discuss the liquidity starved bull market, earnings season, the Fed's next move, housing, and changing the mindset of persistently bearish individuals in the stock market.
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Podcast summary created with Snipd AI

Quick takeaways

  • Early earnings reports exceed expectations, particularly in discretionary and financial sectors.
  • PMI indicators suggest a potential breakout for the industrials sector.

Deep dives

Positive Earnings Surprises and Revenue Growth

Early earnings reports are exceeding expectations, with companies in the discretionary and financial sectors beating by an average of 13%. Revenue growth is also strong, with discretionary and financials showing 6.8% and 9% growth, respectively.

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