Why the Market Selloff Makes the Next Earnings Season So Important

The transcript discusses market fears and the impact of escalating stock valuations, particularly in leadership stocks. It highlights the importance of the upcoming earnings season, noting adjusted expectations for S&P growth and margin pressures. The discussion covers the performance of market leaders, the influence of economic indicators like the yield curve, and the critical role of earnings in market performance. It also examines forecasts for various sectors, emphasizing a potential change in market leadership and the challenges of maintaining growth in a tightening economic environment.

What are the main concerns clients have regarding the current market conditions?

How have recent earnings reports from companies like Pepsi and ConAgra affected market expectations?

What factors are contributing to the nervousness among investors as the third quarter earnings season approaches?

In what ways are the leadership stocks being impacted by the current economic environment?

What is the significance of earnings trends in the current market context?

How do analysts' revenue forecasts for 2019 reflect the current market conditions?

What changes in leadership are being observed in the market, and what does this imply for future investments?