Despite warning signs that have caused concerns in prior economic cycles, many companies at a minimum seem increasingly less worried, and in some cases, outright more confident based on recent quarterly management commentary. Capital allocation trends suggest companies are eyeing growth mode again, particularly with most forecasting a stronger back-half of the year.
We view the Materials sector as a canary in the coal mine and will continue to monitor performance, as a rising tide for this sector tends to lift most ships as they are a leading economic indicator.
Despite near-term softness across some portions of the sector, most tech annual top- and bottom-line guides are setting the stage for growth in 2024, as nets have been cast on the comet known as AI, which blazes faster and brighter.
The better-than-expected U.S. GDP, consumer confidence, and spending in various areas certainly point to a more buoyant U.S. consumer, but on the flipside is the burden of record credit card debt and borrowings – the current concern about which can best to described as a bombastic shoulder shrug.
So far, Q4 prints are holding up generally well and it’s promising to hear industrial executives express cautious optimism about market stability and growth prospects.
Financials were dealt an interesting hand over the past year, which led to a lot of consternation among investors and corporate executives about the economy in 2023.
We hope you find our primary research timely, insightful, and actionable, beginning with today’s “Commencing the Quarter” and throughout the Q4’23 earnings season as we report on updates and emerging trends.
Leverage the experience and expertise of our team.
A strategic consultancy accelerating value realization globally
About Corbin
Advisory Solutions
Subscribe to Inside The Buy-Side®
Access insights in our regularly published research, which captures trends in institutional investor sentiment globally.