00:00 Speaker A
And is it additionally a superb factor for the inventory market? I imply, I do know you have been a a bull for some time right here, Ed, and you lately um put out a be aware the place you talked in regards to the development that we have seen in earnings, form of regardless of all expectations on the contrary right here. So, that productiveness image, that might additionally appear to be doubtlessly good for margins and proceed to be good for earnings.
00:30 Ed
Yeah, that is completely appropriate. Uh I feel the earnings information actually do be all these uh uh fearmongering that uh are occurring in regards to the financial system being uh uh a lot weaker than uh than we’re considering. Uh earnings suggests fairly the alternative that the financial system is doing simply simply advantageous and that uh productiveness is uh sustaining uh revenue margins, which is absolutely shocking. And so it seems as if firms are absorbing a few of these tariff will increase both the importers are in the US or the exporters are uh over abroad. and the um uh the very fact of the matter is that the earnings are turning out to be higher than anticipated. I’ve I have been among the many bulls and even even I am uh amazed by uh the energy of earnings. I assumed that uh the market would by the tip of the yr uh be discounting $300 a share, which was a really aggressive quantity. And now I feel the market may very well be discounting one thing one thing larger than that. Uh $300 a share by the tip of the yr, if that is what the market begins to anticipate for subsequent yr, uh then multiply that by 22, which is the place the a number of is correct now, and also you get 6600, which is mainly what we’re proper now. Um, I imply, I I feel we’re going larger most likely 6,800. and and that might be uh with a uh earnings quantity that seems to be larger by way of expectations.
