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February 1, 2025 | Tech Talk for Saturday February 1st 2025

Donald Vialoux is author of the free blog Tech Talk, a daily investment report available during the past 20 years at www.timingthemarket.ca. Comments focus on the seasonal and technical outlook for equity indices, commodities and sectors. Mr. Vialoux has 53 years of experience in the investment industry and is a past president of the Canadian Society of Technical Analysts (CSTA).

The Bottom Line

Fourth quarter results released to date by S&P 500 companies have been impressive. They prompted analysts to raise their consensus fourth quarter earnings estimate for the S&P 500. On the other hand, analyst also lowered their consensus S&P 500 earnings estimates for 2025. Robust earnings growth is expected in 2025, but at a slightly lower rate.

Earnings focuses this week are on Meta on Tuesday and Amazon on Thursday.

After the close on Friday, President Trump confirmed that a 25% tariff on Mexican and Canadian imports into the U.S. initially will become effective on February 1st. Full implementation and impact on equity markets have yet to be determined.

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February 1st, 2025

Posted In: Tech Talk

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