Nascent U.S. stock rally hangs in balance as Wall Street awaits megacap earnings

King Lip, CFA, CMT

Chief Strategist & Partner

“What they forecast is ‘pretty representative of how the economy is doing,’ said King Lip, Chief Strategist at BakerAvenue Wealth Management in San Francisco. ‘If Microsoft comes in and says things are ok, if Google says things are ok, then that represents a significant weight in not just market cap but the overall economy.’”

Reuters RPT - Europen Markets, July 26, 2022: Nascent U.S. stock rally hangs in balance as Wall St awaits megacap earnings

The opinions expressed in this commentary are those of the author and may not necessarily reflect those held by Baker Avenue Asset Management LP. This is for general information only and is not intended to provide specific investment advice or recommendations for any individual. All information is believed to be factual and up-to-date as of this writing and is subject to change. Before purchasing any investment, a prospective investor should consult with its own investment, accounting, legal and tax advisers to evaluate independently the risks, consequences and suitability of any investment.

Any suggestion of cause and effect or of the predictability of economic or investment cycles is unintentional. Past performance is never a guarantee of future performance. Baker Avenue Asset Management LP may currently own or have previously owned a specific stock or company referenced, and a list of our past holdings can be found at the SEC website. Click to view full disclosures.

San Francisco

(t) 415.986.1110

1 Embarcadero Center
Fl 25, Ste 2530

San Francisco, CA 94111

New York

(t) 212.202.3188

66 Hudson Blvd E,
Fl 24, Ste 2434

New York, NY 10001

Dallas

(t) 214.306.9849

550 Reserve St, Ste 270

Southlake, TX 76092

Houston

(t) 346.279.1500

1700 Post Oak Blvd
Ste 600-#5793

Houston, TX 77056

Seattle

(t) 206.788.8686

600 1st Ave, Fl 1

Seattle, WA, 98104

San Diego

(t) 858.283.2880

12636 High Bluff Dr,
Ste 400-11722

Del Mar, CA 92130

Sun Valley

(t) 208.928.2525

131 E Sun Valley Rd, #201

Ketchum, ID 83340

Naples

(t) 239.922.1525

780 5th Ave S, Ste 200

Naples, FL 34102

The information contained on the site, including references to specific companies, market or composite indices, benchmarks, or other measures of relative market performance over a specified period of time, has been prepared for you for informational purposes only. The results herein are based on information believed to be correct but are subject to revision and audit adjustment. All returns are purely historical and are no indication of future performance. The information may contain references to concepts that have legal, accounting, and tax implications, and is not intended as legal, accounting, or tax advice. Information presented is believed to be factual and up-to-date and is subject to change. Click here to view BakerAvenue's full disclosures.

Click here to view BakerAvenue’s Form CRS.