Hopes For A Soft Landing Are Starting To Fade
In hisDaily Market Notes report to investors, Louis Navellier wrote: Fading Soft LandingStocks take the worst hit in over a month, as recession fears trump falling inflation. Hopes for a soft landing are starting to fade on weak economic data. Earnings are not easing concerns, with many stocks trading down on misses and even small beats. Most recently, Alcoa (NYSE:AA) is down 3% (up 16.5% YTD) after an earnings miss and their second quarterly loss in a row and guiding down expected 2023 shipments. Discover Financial Services (NYSE:DFS) is also down 3% (+2.2% YTD) despite a beat top and bottom ...