Earnings Season Has Arrived--More Disappointments Ahead? 7/18/22

(7/18/22) Earnings season gets underway in earnest as most S&P 500 companies report; the Big Question is whether analysts have adjusted estimates enough--or are there more disappointments ahead? Forward-looking outlooks will be a big driver of prices. Two bullish indicators to note: Downtrend market channels established in March could be breached to the upside today; the 50-DMA is important resistance. Watch for the development of a counter-trend rally to entice buyers back into the market. If earnings come in at or better-than-expected, AND forward guidance isn't terrible, we could see a fairly strong counter-trend rally. Hosted by RIA Advisors' Chief Investment Strategist, Lance Roberts, CIO Produced by Brent Clanton -------- Get more info & commentary: https://realinvestmentadvice.com/insights/real-investment-daily/ -------- Watch the video version of this report by subscribing to our YouTube channel: https://www.youtube.com/watch?v=X5scO3hAMas&list=PLVT8LcWPeAujOhIFDH3jRhuLDpscQaq16&index=1 ------- Visit our Site: www.realinvestmentadvice.com Contact Us: 1-855-RIA-PLAN -------- Subscribe to RIA Pro: https://riapro.net/home -------- Connect with us on social: https://twitter.com/RealInvAdvice https://twitter.com/LanceRoberts https://www.facebook.com/RealInvestmentAdvice/ https://www.linkedin.com/in/realinvestmentadvice/ #EarningsSeason #MarketDowntrend #ForwardGuidance #50DMA #Markets #Money #Investing