Holdcroft Wealth Insights: Q3 Earnings and the Upcoming Election
Welcome to Holdcroft Wealth Insights, a newsletter designed to help you stay informed about the most significant things impacting our economy and financial markets.
As we move into the fourth quarter, there is a focus on Q3 earnings reports as they reveal valuable insights into the financial health of corporations and the broader economy. The data from these reports will provide a snapshot of how companies are adapting to current economic challenges, from interest rate adjustments to global market fluctuations. For investors, understanding how businesses are performing now can help gauge potential market movements as we head into the last months of the year. So far, year-over-year earnings growth is tracking slightly below expectations, however the percentage of companies beating their individual estimates remains strong.
With the presidential election approaching, short-term volatility is possible as markets react to developments and results. However, post-election, there will be an opportunity to evaluate any new policies that may impact the economy and financial markets in the longer term. In times like these, it's crucial to separate material change from the noise to make sound, long-term decisions. This is where maintaining a long-term focus becomes essential. Staying anchored in fundamentals and following a well-thought-out financial plan can help navigate both the expected ups and downs of the election season.
Key events to watch
- Remaining Q3 corporate earnings
- US unemployment rate data release on Friday 11/1
- US presidential election Tuesday 11/5
- US Federal Reserve meeting and rate decision Thursday 11/7
- US CPI index inflation data release on Wednesday 11/13
As always, if you feel the need to have a conversation regarding your plan or strategy, please reach out to schedule an appointment. After all, that's what we are here for!
Thank you,
Rob Holdcroft
Securities offered through LPL Financial, Member FINRA/SIPC. Investment advice offered through Three Cord True Wealth Management, LLC DBA Holdcroft Wealth Management, a registered investment advisor and separate entity from LPL Financial. This website and information are provided for guidance and information purposes only. Investments involve risk and unless otherwise stated, are not guaranteed. Be sure to first consult with a qualified financial adviser and/or tax professional before implementing any strategy.