Q: Everyone, what five positive trends in the market today. Trying to hear good news in the market.
5i Research Answer:
Regardless of what is going on in the macro, five positive trends we would highlight are:
- GDP remains resilient in the face of recent turmoil.
- PMIs remain strong, jobs numbers remain 'ok', and interest rates still have room to come down if needed.
- Earnings and earnings growth have been good as have been outlooks from management teams within the last 30 days or so.
- While markets are in a bit of a pullback, they continue to hold their own, remaining fairly close to recent highs.
- Valuations in many names are starting to look attractive with a long-term outlook. (MSFT at 20X, META at 19X, NVDA at 20X as a few 'easy' examples).