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August 9, 2025 | Tech Talk for Saturday August 9th 2025

Don Vialoux

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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

Despite gains recorded by U.S. equity indices last week, technical evidence of an intermediate peak set in late July continues to accumulate. North American equity markets have entered their traditional corrective period in August and September during post-U.S. President Election years following an advance from April to July. Strength this year from April to July was prompted by greater (i.e. front end loaded) economic activity prior to launch of tariffs on manufactured products.

Consensus for Earnings and Revenues for S&P 500 companies
Source: www.factset.com

The second quarter earnings season continues to surprise: Another 120 S&P 500 companies released results last week for a total of 450 reports to date: 81% reported earnings above consensus and with 81% reporting revenues above consensus.

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August 9th, 2025

Posted In: Tech Talk

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