Earnings growth still strong despite tariff concerns: Strategist
The latest market (^GSPC, ^IXIC, ^DJI) sell-off on Monday has stirred further uncertainty, but the focus should remain on long-term financial goals. Pence Capital Management CIO Dryden Pence joins Market Domination hosts Josh Lipton and Julie Hyman to provide insight into the current market landscape. "As I say many times, I'm more interested in bottom lines than I am in headlines, and while they can create volatility, they don't always create wealth," Pence says. He emphasizes that despite concerns about tariffs and geopolitical events, earnings growth remains strong. “If you think about it, earnings are still good. 75% of the companies are beating earnings. It looks like there’s only been a minor revision in what the earnings for the S&P 500 are for the entire year," Pence explains. Pence also points out that the US economy is largely driven by the service sector: “Four out of five jobs in the United States are really service related. Two thirds of the economy really doesn’t have much to do with international trade.” To watch more expert insights and analysis on the latest market action, check out more Market Domination here. This post was written by Josh Lynch
