Guidance

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Guidance

Forward guidance when the policy rate is not zero is headed for the dust bin of history. The only hedge for the capex boom is cash, not non-tech sectors.

Barry C. Knapp

May 25, 2026

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Guidance

*Figure 7: The same trend evident in earnings revisions is evident in profit margins.*

Barry C. Knapp

Managing Partner

Director of Research

Ironsides Macroeconomics LLC

908-821-7584

bcknapp@ironsidesmacro.com

https://www.linkedin.com/in/barry-c-knapp/

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This institutional communication has been prepared by Ironsides Macroeconomics …

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