Hey, Risers!
‘Tis the Season.
As most of the country has been gripped in a heat wave, investors have been basking in the beginning of earnings season, with its usual suite of ups and downs. These reports will drive a lot of the price action over the next few weeks, so buckle up. We believe our process is well-suited to identify long-term earnings winners and losers.
99rises performance: Our three main long-short blocks are flat to up in 2023 after outperforming the Nasdaq 100 Index by 23-38% in 2022.
As a reminder to our Indian resident and NRI clients
Our ZeroCarbon block is live! Click on the icon below to invest.
Economy & Markets
Meh.
Shopping, Dropping
The US Department of Commerce reported that retail sales in June rose 0.2% from an upwardly-revised May figure, well below estimates for 0.5% growth. Excluding autos and gasoline, sales rose by 0.3%.
Our take: It certainly feels like a lot of consumers are pulling back.
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