Markets

A Wall Street chief strategist details 4 reasons why big-company profits have been remarkably resilient during the pandemic — and explains how that’s helped the red-hot stock rally

S&P 500 corporate profits are holding up far better than they did in past recessions, and it helping fuel the stock market’s summer rally, says James Paulsen, chief investment strategist at The Leuthold Group. Shrinking GDP typically drives profit declines roughly four to five times larger than what was seen […]
A Wall Street chief strategist details 4 reasons why big-company profits have been remarkably resilient during the pandemic — and explains how that’s helped the red-hot stock rally
US

Portfolio manager says recent volatility is not a turning point for US stocks

US Bank senior portfolio manager Eric Wiegand sat down with Business Insider’s Sara Silverstein to discuss the recent stock market meltdown which he says does not mean the markets have turned. Following is a transcript of the video. Sara Silverstein: What is going on in the markets? Eric Wiegand:It’s – […]
Portfolio manager says recent volatility is not a turning point for US stocks