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Optimistic Business Conditions

Optimistic Business Conditions

July 26, 2022
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Government reports are telling a rather bleak story about the economy. The headlines talk about high inflation, rising interest rates, and a possible recession. But corporations are telling a more upbeat, optimistic story about business conditions.

Aside from a few high-profile misses, most companies have been checking in with solid second-quarter reports in the past few weeks. Through July 22, FactSet reported that 68% of S&P 500 companies reported positive earnings surprises, and 65% reported a positive revenue surprise.

I’m always encouraged about the economy whenever I see businesses enjoying success. While macroeconomic trends are still a steady headwind, corporate America seems to be sailing straight and true.