Stocks have had a volatile week, with markets fluctuating on hot inflation prints and rate cut outlook adjustments. Prime Capital Investment Advisors Director of Investments Will McGough and Ziegler Capital Management CIO and Senior Portfolio Manager Dan Skubiz join Market Domination to discuss their market outlooks as earnings season begins.
McGough explains that markets are currently focused on earnings growth rather than multiples expansion. He notes that valuation multiples are in the low twenties, leaving limited room for further expansion. To drive market growth, McGough emphasizes that earnings growth “needs to come through” this earnings season.
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