A U.S. stock market correction happened across the first months of 2022. Our Chief Equity Strategist and Economist, John Blank, is here with us now for a return to fundamentals.

1. A peak on major U.S. share index charts began showing up in November 2021, starting with the tech-heavy Nasdaq. Was that the beginning of this correction we’re in?

2. You wrote recently that while Fed tightening is responsible for the latest correction, you have to apply the latest fundamental earnings data in order to make sense of the latest S&P500 index valuation numbers. When you do that what do you find?

3. Earnings for big box retailers came out last week. There were some disappointments in them. So when you consider earnings data in this equation, how much do earnings misses in general add to the market cross currents?

4. What do retail earnings say about the way those companies are managing inflation?

5. How will we know when the market has reached bottom?

6. Against this backdrop, what is your year end 2022 S&P 500 ‘fair value’ target and is that in line given all the market volatility we’ve seen?

7. Besides what we’ve discussed, what are the major market headwinds going into the second half of this year?

8. Let’s look at a few companies still seeing their earnings estimates moving up, amidst this stock market correction? You’ve noted Sysco (SYY Quick QuoteSYY - Free Report) , Cadence Design Systems (CDNS Quick QuoteCDNS - Free Report) , and Southwest Airlines (LUV Quick QuoteLUV - Free Report) .

Our Chief Equity Strategist and Economist, John Blank, on market fundamentals. With John, I’m Terry Ruffolo.