A Banking Kerfuffle, Amid a Torrent of Earnings

An awful lot happened over the past week in the markets. The week started with another banking wind down in First Republic Bank. But by the end of the week, markets showed excellent resilience, especially after a very strong Friday. In this week's Jarvis® Update, we briefly cover the macroeconomic events of the banking crisis and this week's Federal Reserve rate hike announcement. From there, CEO Noland Langford and Director of Research, Brian Dress, dig into the week's torrent of earnings reports. We talk through a handful of earnings reports and our thoughts, along with a pattern that we have seen in a number of the releases. Many companies we have reviewed announced pretty solid 1st quarter earnings, but decreased guidance led to a number of negative reactions in companies with strong businesses. The takeaway is that stock reactions to earnings are often random. What matters the most is the ongoing trajectory of a business, more than a snapshot in time. If you still have cash sitting in the bank, now is the time to act to get something locked in with a higher return for a longer duration. Reach out and we can set up a time to talk in more detail! Topic 1: The Macro Comes Roaring Back into Focus Topic 2: Earnings Season Rages On Get signed up to our mailing list to receive all of our investment content (video and written) to your inbox every Saturday morning: https://leftbrainir.com/jarvisnewsletter For a portfolio review and to learn more about our growing list of fixed income investment opportunities that we are locking in as interest rates start to fall https://leftbrainir.com/free-portfolio-review Get on Brian's calendar directly to discuss a plan for market recovery at https://calendly.com/briandress