Earnings usually go up, which is why stocks usually go up

[Silver Ridge Market Report Logo] [Privacy Policy]( | [Advertiser Disclosure]( Dear Reader, The idea that earnings may be much higher in the years to come isn’t a novel idea. Rather, it would represent a continuation of a very long-term trend. And because earnings are often seen as the most important driver of stocks in the long run, prices also go up. This is a time-tested observation Goldman Sachs Private Wealth Management reaffirmed with their clients. From their 2023 outlook note Friday: …our recommendation to stay invested is also driven by the general upward trend of U.S. equities. As shown in Exhibit 46 — an exhibit that is familiar to our long-standing clients — U.S. equities are driven by earnings in the U.S. economy, which are upward-trending except for recessions. Downdrafts pass and portfolios recover. Stocks could go up a lot, up a little, or perhaps down in 2023 as earnings get revised. Who knows? But history shows stocks go up in most years — even in years when earnings fall — and the market rewards those who can put in the time. Editor, Silver Ridge Market Report Andrew Graham [A Graham Signature] [Privacy Policy]( | [Advertiser Disclosure]( P.S. The Perfect Retirement Trade? Silicon Valley trading millionaire says… “FORGET 99% of the Stock Market… Trade ONE Stock… ONCE Per Month – Over and Over Again!” He’s recommended REAL gains of 100%, 228%, and [373% in just 8-days – in any market condition.]( Leveraging a trading secret he’s used for years… helping over 171,000 regular people… It’s called: The [“One Stock Retirement”]( – a trading breakthrough to help anyone collect triple-digit profits regardless of trading experience, location, starting capital, or market condition. [Click here, it’s all revealed in this exclusive interview…]( [Privacy Policy]( | [Advertiser Disclosure]( 406 Media and Silver Ridge Market Report, is not giving individualized financial advice. Never invest more than you are willing to lose. 406 Media or Silver Ridge Market Report is not giving financial, investment, or stock advice. Our content is designed for generalized informational purposes only. If you have specific questions about investments or stocks you should consult a financial advisor. Articles, News, Or Other published materials are not always the views of 406 Media and/or Silver Ridge Market Report. If you feel you are receiving these emails in error please email Support@SilverRidgePro.com or click the unsubscribe button below. 30 N Gould St, STE R, Sheridan WY 82801 This e-mail has been sent to {EMAIL}, [click here to unsubscribe](.