Last week, I ended my note to readers saying: \u201cWith almost every company reporting, earnings for the S&P 500 in Q4\/25 have risen by a fat 18% year-over-year, increased revenues having accounted for 5% of the increase, while fatter profit margins accounted for 13%. There is no way this can be repeated if tariffs are actually fully implemented; and the standard measure of retail investor sentiment, the AAII Survey, has undergone a remarkable crash as a result.<\/p>\n
A Macro Market View by Hubert Marleau\u00a0<\/em><\/p>\n Continue Reading in PDF<\/a><\/p>\n L’infolettre Palos Perspective est un aper\u00e7u hebdomadaire de la situation macro\u00e9conomique disponible uniquement en anglais. Si vous avez des questions sur l’infolettre ou des demandes g\u00e9n\u00e9rales sur Palos, veuillez nous contacter \u00e0 <\/i>info@palos.ca<\/i><\/a><\/span><\/p>\n