Other Points of View: December 2018
Reginald A.T. Armstrong • Other Points of View
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LPL Research: Corporate America Impresses Again
Key Takeaways
- Third quarter earnings season was again very impressive, with S&P 500 Index earnings growing 28% year over year, the fastest pace since the fourth quarter of 2010.
- A pickup in economic growth, strong manufacturing activity, and tax cuts were the key growth drivers.
- Guidance was generally positive despite tariffs and ongoing trade policy uncertainty.
John Hussman: Bubbles and Hot Potatoes
Jeremy Siegel: The Market is Cheap on a Long-Term Basis
Martin Feldstein: How to Save Social Security System