New York Life’s Chief Investment Strategist, Tim Goodwin, believes that the equity markets will not see a sustained downturn until earnings start to fall. In a recent interview, Goodwin stated that despite the recent volatility in the markets, he remains optimistic about the future of equity markets.
Goodwin points to the fact that earnings have been strong in recent quarters, with many companies reporting better-than-expected results. He believes that as long as earnings continue to grow or remain stable, the equity markets will be able to weather any temporary setbacks.
Goodwin also noted that the recent pullback in the markets can be attributed to concerns over rising interest rates and inflation, as well as geopolitical tensions. However, he believes that these are short-term factors that are unlikely to have a long-lasting impact on the overall health of the markets.
In his view, the key to sustaining the current rally in equity markets is for companies to continue to deliver strong earnings growth. Goodwin believes that as long as companies are able to meet or exceed market expectations, investors will continue to be confident in the growth potential of equities.
Despite his optimism, Goodwin acknowledges that there are risks and uncertainties that could impact the markets in the future. He points to factors such as trade tensions, political instability, and potential disruptions in the global economy as potential threats to the current bull market.
Overall, Goodwin remains cautiously optimistic about the future of equity markets, citing the strength of corporate earnings as a key factor in sustaining the current rally. He believes that as long as companies continue to deliver strong results, the equity markets will be able to withstand any short-term challenges and continue to grow in the long term.
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This woman was calling for a recession in 2024 late last year. I’ll pass on her “advice”.
Yeah, stocks lose earlier gains just about every day the past 2 weeks. Who cares how it opens, seems to be closing red every day now.
Concerns about a potential recession and the Fed's talk of interest rate hikes have left me uneasy. I'm unsure about my $440K portfolio strategy, considering the uncertainty of a recession and the possibility that interest rates may not rise significantly
You bulls keep pushing this market up. I want at least 6000 on the S&P. Call your family and friends, talk to your coworkers… tell them to go long too. As you all are doing that I will just continue to quietly build my MASSIVE short position, and I thank you in advance.