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Weekly ChartBook, Week of July 12, 2021

By: Aaron Lang - Portfolio Analyst

Weekly ChartBook
Week of July 12, 2021

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Market Performance For The Week


Source: YCharts

Disclaimer: Past performance is no guarantee of future performance

The Good News

Earnings – so far, so good.

An increasing amount of business leaders are becoming optimistic about the future.

And rating agencies are agreeing.

And consumers keep buying. 

To put the retail sales numbers into perspective..

And there still remains a lot of cash out there.

The Bad News

Another inflation beat.

And now Fed Chairman Powell is weighing in.

Consumers may be reacting to the higher inflation.

The State Of The Market

Analysts are raising their EPS and price targets.

As the market seems to seems to be pouting about a growth scare.

Which has led to a reversal in small caps.

An official welcome back to the spotlight, Big Tech.

While out of the spotlight, their valuations softened. But still not cheap.

Are they still worth their multiples? Maybe.

Source: Lawrence Hamtil

But these charts are still pretty shocking.

Charts Of The Week

Story Of The Week

The crazy, crazy car market may stay crazy for a while: https://slate.com/business/2021/07/car-prices-used-new-supply-chain.html

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.