The Evelyn Partners Investment Podcast: Why have earnings beat expectations?

In December’s episode of the Evelyn Partners Investment Podcast Angelique Ruzicka and Ben Seager-Scott look at why company earnings have beaten expectations in the third quarter of 2023 and explore whether gold will continue to shine after hitting a record high.

Published on 07 Dec 20231 minute read

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Episode overview

Despite higher interest rates and conflict in the Middle East and Ukraine contributing to global economic uncertainty, investors took comfort from an impressive set of company earnings in the third quarter of 2023 buoyed by consumer spending.

Gold has hit a high this month driven by an outbreak of optimism that US interest rates have now peaked and on the back of expectations that rate cuts are coming toward the end of 2024 in the US, UK and the Eurozone.

Equities rallied too and the S&P 500 is up 19% year-to-date. However, performance of this index has been lifted by the Magnificent Seven, consisting of tech companies like Microsoft and Alphabet, which have outperformed due to the Artificial Intelligence (AI) boom.

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