Raymond James Investment Management
October 14, 2022
Raymond James Investment Management is a global asset-management company that combines the insight and agility of individual investment teams with the strength and stability of a full-service firm

Earnings? Important. Guidance? Critical.

Usually, steady job gains – particularly in the sectors with the greatest demand like leisure & hospitality and healthcare – would be welcome news for investors amid fears of a recession.

“But in our bizarre reality right now this gives the Fed more reason to keep its foot on the brake,” said Matt Orton, CFA, Chief Market Strategist at Raymond James Investment Management. “There was nothing in the jobs data to signal the Fed will change course: a headwind for the market.”

Heading into earnings season, Orton said persistent tightness in the labor market and fresh inflation data could play into a idiosyncratic earnings correction, with some sectors not delivering the price increases now expected.

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To learn more

Read other recent posts to our Weekly Insights blog and listen to our Markets in Focus podcast for investment perspectives from Raymond James Investment Management and its independent boutique affiliate partners:

Chartwell Investment Partners
ClariVest Asset Management
Cougar Global Investments
Eagle Asset Management
Reams Asset Management
Scout Investments

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