{"id":30842,"date":"2012-07-15T08:18:41","date_gmt":"2012-07-15T12:18:41","guid":{"rendered":"http:\/\/countingpips.com\/forex-news\/2012\/07\/the-best-performing-sector-for-the-rest-of-2012\/"},"modified":"2012-07-15T08:18:41","modified_gmt":"2012-07-15T12:18:41","slug":"the-best-performing-sector-for-the-rest-of-2012","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex-news\/2012\/07\/15\/the-best-performing-sector-for-the-rest-of-2012\/","title":{"rendered":"The Best-Performing Sector for the Rest of 2012"},"content":{"rendered":"

Article by Investment U<\/a> <\/p>\n

Yep, it\u2019s officially earnings season.<\/p>\n

And Monday afternoon, Alcoa<\/strong> (NYSE: AA) kicked things off announcing a net loss of $2 million and that revenue fell nearly 10%, to $5.96 billion, compared to a year ago.<\/p>\n

The largest U.S. aluminum producer did manage to beat analysts\u2019 estimates. However, shares are still down 4% since Monday.<\/p>\n

The fact that Alcoa still managed to beat estimates is a testament to how much corporate outlooks have fallen over the past few months. Reuters<\/em> even reports that growth estimates are now \u201c… at their most negative in nearly four years…\u201d<\/p>\n

The Associated Press<\/em> also says this month\u2019s earnings announcements will likely mean \u201c… the end of record corporate profits.\u201d<\/p>\n

I\u2019m an optimist at heart. But news like this is hard to ignore and increasingly frustrating for investors.<\/p>\n

Especially when the reasons behind it all are the same old thing:<\/p>\n