Ep.05 – Nick Raich – The Stock Market is Not the Economy

Paul FennerPodcast

stock market economy portfolio management Nick Raich

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Are you curious as to why the stock market has skyrocketed higher when the economy feels stuck in first gear during this global pandemic?  Or why, when a company reports great earnings, its stock price can go down?

This week I speak with Nick Raich, Founder, and CEO of the Earnings Scout.  The Earnings Scout is the premier provider of corporate earnings data and trend analysis.  Full disclosure I am a client of the earnings scout and utilize their data in making portfolio management decisions for clients at TAMMA.

In our conversation, we dive into the markets’ mechanics and talk about the variables that drive stock prices.  We answer the question of why the stock market is not disconnected from the economy, as so many financial pundits would like you to believe.

We also touch on what the impacts that the election could have on the stock markets and, more specifically, your portfolio.  Spoiler alert, it is best to keep politics out of your portfolio management decisions.

This week’s show is different from our first few shows because we focus exclusively on helping you understand how pieces of the stock market work and the critical drivers of stock prices.  If you have questions on how we could help you with your portfolio management decisions, feel free to reach out directly.

Nick is widely recognized as a leading expert on U.S. corporate earnings and makes frequent appearances on CNBC, Bloomberg TV, and national and regional print media, including The Wall Street Journal, Financial Times, The New York Times, and Business Week. Raich has over 15 years of experience as a Director of Research, successfully leading teams of investment analysts.

Please enjoy my conversation with Nick Raich

The Stock Market is Not the Economy

Nich Raich

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