Wry & Dry #29 of FY-24. Mercy Rule. By-elections. Military unintelligence.
The USA gave the world the ‘mercy rule’. This is where in a two-competitor sport, the game will end earlier than the prescribed endpoint because one competitor has a very large and presumably insurmountable lead.
Last weekend the authoritative New York Times/Siena College Poll had the Trumpster leading Sleepy Joe by 48% to 43%. It’s now time for Sleepy Joe to apply the mercy rule. And give himself the DCM.
Profit Reporting Season – Cleanaway, Emeco, ParagonCare and Worley
This week’s Investment Matters will concentrate on key company results as the reporting season winds down. On balance, market strategists have noted that earnings revisions have been neutral across the board, which is better than historical outcomes of net negative earnings revisions by optimistic investment banking equity analysts.