“While earnings estimates have started to fall, we feel estimates for 2023 still need to fall significantly from current levels, a process that may serve to limit equity returns for the next few quarters.” — Donny Moss
Key Takeaways:
- Q3 earnings are generally better than feared.
- Economic concerns persist, but the consumer continues to spend.
- Sticking to our process, focusing on durable stocks.
Donny Moss, CFA
Senior Director, Portfolio Manager, North American Equities, iAIM
