Market Analysis

Fears for Facts… Blowout Sale!

We're trading fears for facts! Come on down and trade in some of those jalopy-like worries you've been holding on to and drive a spanking new piece of data off the lot today! Fear of a recession? Trade it in for positive GDP data for no money down! Inflation fears? We've got a low headline inflation rate just waiting for you! We're so sure you'll love these facts once you've taken them for a test drive, you'll trade in your fears for good!
  • Global GDP continues to outpace analyst forecasts and remains above average levels.

We're trading fears for facts! Come on down and trade in some of those jalopy-like worries you've been holding on to and drive a spanking new piece of data off the lot today! Fear of a recession? Trade it in for positive GDP data for no money down! Inflation fears? We've got a low headline inflation rate just waiting for you! We're so sure you'll love these facts once you've taken them for a test drive, you'll trade in your fears for good!

  • Global GDP continues to outpace analyst forecasts and remains above average levels.
  • M&A activity continues at a torrid pace – especially in Europe. Over $1.8 trillion in deals have been announced around the world so far in 2006 – with $600 billion in Europe and $900 billion in the US.
  • Stocks are surging around the globe! The MSCI World Index is up YTD over 14.5% (in USD).
  • The earnings season for the third quarter is off to a good start:
    • 23 companies in Europe have reported as of last week with 78% coming in above expectations.
      • The 2006 growth rate for European stocks is rising – currently at 12.8%.
    • 151 companies in the S&P 500 have reported as of last week with 74% coming in above expectations.

So, what do we have to do to see you driving away with a bullish mindset on stocks today?

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*The content contained in this article represents only the opinions and viewpoints of the Fisher Investments editorial staff.