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Weekly ChartBook

By: Aaron Lang - Portfolio Analyst

July 19, 2021 – July 23, 2021

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Market Performance For The Week



Source: YCharts
Disclaimer: Past performance is no guarantee of future performance

The Good News

Another week of strong earnings.

Long Term EPS estimates are historically very high.

The Bad News

But Q2 is expected to be peak earnings growth.

Source: Charles Schwab

And leading indicators are beginning to reverse.

And economic numbers are beginning to underwhelm.

Not surprisingly, some analysts are trimming GDP estimates.

US population is also slowing. A longer term problem.

The State Of The Market

China stocks are doing poorly, to put it lightly.

Because China’s government is meddling in, what feels like, everything. 

“Does Beijing not care how much money foreign investors have lost? Does the government really want to close China Inc.’s access to the deep pool of global capital? The short answer is, no, the government doesn’t care. But it’s not that simple. Beijing is pursuing other goals: reining in the power of its tech titans and boosting startups; protecting social equality; and making sure the cost of living in cities isn’t so high that families aren’t willing to have children. And Beijing is suspicious of companies that are skilled at raising capital overseas—beyond its watchful eye.” – Shuli Ren (Bloomberg) 

And China’s fall is affecting emerging markets indices, since it’s a huge contributor to EM.

But it’s yet to impact US stocks. 

In fact, US stocks keep rising.

But there is a new #1 fear in the market.

It’s been a while since a fear really materialized, historically speaking.

Though this will be an important week in the market.

Charts Of The Week

Story Of The Week

How Thieves Stole $40 Million Of Copper By Spray-Painting Rocks In Turkey: https://www.bloomberg.com/features/2021-painted-rocks-copper-heist/

Disclosure

Clear Rock Advisors, LLC is registered with the SEC as a registered investment advisor with offices in Texas. Different types of investments involve varying degrees of risk. Therefore, it should not be assumed that future performance of any specific investment or investment strategy (including the investments and/or investment strategies recommended and/or undertaken by Clear Rock Advisors, LLC) or any investment-related or financial planning consulting services will be profitable, equal any corresponding indicated historical performance level(s), or prove successful. It remains the client’s responsibility to advise Clear Rock Advisors, LLC, in writing, if there are any changes in the client’s personal/financial situation or investment objectives for the purpose of reviewing, evaluating or revising Clear Rock Advisors, LLC’s  previous recommendations and/or services, or if the client would like to impose, add to, or modify any reasonable restrictions to Clear Rock Advisors, LLC’s services. A copy of Clear Rock Advisors, LLC’s current written disclosure statement discussing its advisory services and fees are available upon request.