How to Play Q4 Defense: Hedge Your Bets, Up Your Stops and Sell Your Gold

by Keith Fitz-Gerald.

So far fourth quarter earnings have made a mockery of things. Of the 20 S&P 500 companies that have provided Q4 guidance so far, 18 of them have guided lower, “slashing” their forecasts, according to Goldman Sachs and CNBC (as of Monday afternoon). What’s more, roughly one quarter of the reported earnings have come in flat to middling. According to Capital IQ, overall revenues are up only slightly at 0.34%. Yet, for some reason the S&P 500 is only 3.89% off of its high…

Keep on reading: How to Play Q4 Defense: Hedge Your Bets, Up Your Stops and Sell Your Gold