Good Earnings, Bad Trends

Matthew Allgood |



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Despite recent good earnings reports, the S&P 500 has declined below its 50-Day Moving Average level, signaling technical weakness in the market. This divergence between earnings performance and market trends can create opportunities, but also risks.


The market may be signaling broader economic concerns or shifts in investor confidence. As always, we are prepared to make strategic adjustments to align with the shifting investment landscape.



Good Earnings, Bad Trends


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Source: Bloomberg, Redwood. Data as of 4/25/2024. Date Range from 12/9/2022 – 4/24/2024.



Allgood Financial


Disclosure: This piece is for informational purposes only and contains opinions that should not be construed as facts. Information provided herein from third parties is obtained from sources believed to be reliable, but no reservation or warranty is made as to its accuracy or completeness. Charts and graphs are for illustrative purposes only. Discussion of any specific strategy is not intended as a guarantee of profit or loss.  Past performance is not a guarantee of future results. The objectives mentioned are not guaranteed to be achieved. Investors cannot invest directly in any of the indices mentioned above.


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