Opening Statement from the September 2021 Intelligent Investor (part 1)

Opening Statement from the September 2021 Intelligent Investor (part 1)

Originally published on September 8, 2021 (pre-market release)

Overview

Although the coronavirus delta variant has led to another phase of lock downs, advanced nations continue to lead the economic recovery. While some of this progress is being neutralized by COVID-related issues in emerging economies, global growth remains strong.

Earnings

The trend in earnings beats and upward forward estimates continues its record run. With nearly all companies having reported Q2 earnings, actual numbers are expected to come in at