Your Money With Mark: 2nd quarter earnings ‘exceptional’ despite trade dispute

MOLINE- Every Monday on Good Morning Quad Cities, Investment Adviser Mark Grywacheski joins us live on the air to talk about a range of financial issues and topics.

Monday, August 13, Grywacheski talked about the escalating trade war with China, saying the second quarter results were simply exceptional. Of the 91% of the S&P 500 companies that have reported their earnings, 79% have reported earnings that were better than expected.

"Over the past year, earnings have grown by an incredible 25%," Grywacheski said. "But I think one of the biggest surprises as I mentioned last week was just how well the manufacturing industry is doing."

Grywacheski says President Trump will continue to push the limit when it comes to China, but he'll also keep the mid-term elections in mind when doing so. He claims the country will add a fourth interest rate hike this year as well.

Your Money With Mark airs live on Good Morning Quad Cities every Monday between 5 a.m. and 5:30 a.m. To live stream our newscast from our website, click here.