Earnings season is in full swing with Apple (AAPL), Alphabet (GOOGL), Amazon.com (AMZN), Exxon Mobil (XOM) and Caterpillar (CAT) among big names scheduled to announce Q3 results this week. Hopefully, we’ll get a better sense of whether corporate America’s earnings and revenue recessions are coming to an end.
Markets, however, remain focused on the US presidential election, now less three weeks away. Wednesday’s third and final presidential debate took control of the broader news cycle. The economy was generally under-discussed throughout the debates — and, frankly, the whole election cycle. Rick Newman’s column out Thursday gives the definitive overview of how both candidates missed the mark on this issue: Both Trump and Clinton are living in the past.
In the week ahead, Apple will highlight the heavy earnings flow expected to cross the tape. We’ll also get the first reading on third-quarter GDP next Friday.