HAPPENINGS—10/23

It’s always fun to come and update my friends on things going on in the world. So here goes:1. Virtually every CEO who gets on TV says they’ll hire more people with the tax cuts. 2. One prescient CEO wants small business to get better rates—2/3 of all new jobs are from small business, defined as companies with under 50 employees. 3. We’re in earnings season. 87 of the S & P 500 have already posted their earnings. Of these, their earnings are up 9.4%. 4. 73% had higher revenues. 71.3% had earnings surprises to the positive. 70.1% beat revenue estimates. Consider carefully how you want to participate. Do you want growth or income or growth? We’re in for some nice surprises. We play the market at hand—trying to get our money in the way of growth.

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