Expect A Strong Year-End Rally
In his podcast addressing the markets today, Louis Navellier offered the following commentary. Earnings RecessionYes, the U.S. economy is officially in a recession, but the -1.6% annual contraction in the first quarter was due largely to a dramatic 7.5% drop in worker productivity and the preliminary -0.9% annual drop in the second quarter was due largely to a big drop in inventories as supply and shipping glitches persist. Q2 2022 hedge fund letters, conferences and more Specifically, Treasury Secretary Janet Yellen said the reason that second quarter GDP was reported as a contraction was “dr...