Replies to post #26828 on The Rising Influence of Rising Affluence

[jbog]

Recession?

I'm not sure I'd read that Cat's superb earnings into anything about the general economy.

To start with, the financials are great but the unit sales are still barely are reaching pre-pandemic levels, so these results are a result of financial terms more than anything,

If we do see a recession, it'll be on main street and not in the commodity/ utility sectors. We're going to have a rough time telling the difference between calling it a recession or a drop in living standards.

[DewDiligence]

US stocks stage biggest rally since Mar 2020:

https://www.wsj.com/articles/global-stocks-markets-dow-update-11-10-2022-11668082058

The CPI print was the impetus, of course.

Bonds rallied too. The VMATX muni fund I own was up 1.37%, which is almost half a year’s worth of the fund’s (tax-exempt) yield!

[DewDiligence]

Recession?

We now have DE’s blowout results and bullish guidance (#msg-170523741) to supplement CAT’s blowout results and bullish guidance (#msg-170300076).

Can these two bellwethers both be totally wrong?