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Topics Discussed: The S&P 500's "island" reversal in June, the surprising performance of the market this week, how "sandbagging" works, the effect of the U.S. dollar on earnings and choosing... Watch It Now ›
John Jagerson
Editor, Strategic Trader
Wade Hansen
Editor, Strategic Trader
How do you set the stage for stock prices to continue moving higher even as the United States continues to set new records for daily new confirmed cases of COVID-19?
It’s simple. You lower earnings expectations and then watch corporate America beat those lowered expectations.
You see, Wall Street analysts are professional sandbaggers.
Financial Market Data powered by Quotemedia.com. All rights reserved. Terms and conditions.
NYSE/AMEXdata delayed 20 minutes. NASDAQ/other data delayed 15 minutes unless indicated.
Copyright © 2020 InvestorPlace Media, LLC. All rights reserved.