PRE MARKET

ByGary Kaltbaum October 15, 2019October 15, 2019

Quiet day yesterday but do not forget, Powell now performing QE at $60 billion/month. Markets have loved this for 10 years so we are on the balls of our feet.

BUT…we are now in earnings season. Pay attention to the reactions, less the words. Estimates are for earnings to be down year over year so some are negative. Remember, markets look forward.

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Gary Kaltbaum owns Kaltbaum Capital Management, LLC (“KCM”), a state registered investment adviser. The opinions expressed herein are those of Mr. Kaltbaum and may not reflect those of KCM. The information offered in this publication is general information that does not take into account the individual circumstances, financial situation or individual needs of an investor. The information herein has been obtained from sources believed to be reliable, but we cannot assure its accuracy or completeness. Neither the information nor any opinion expressed constitutes a solicitation for the purchase or sale of any security. Any reference to past performance is not to be implied or construed as a guarantee of future results.

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