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Katherine Ross [00:06:25]
Now let's talk a little bit about earnings season because that's basically what you just brought up and I want to talk what you're looking at in earnings season as it comes.

Tim Anderson [00:06:34]
Well, look we're going to start to get into that later in the week and really next week. And we'll have to see what kind of guidance we get given the fact that there are, I think the key is what kind of guidance do we get on CapEx spending given the uncertainties that are still out there over trade issues particularly with China because that's the big kahuna really. And there will clearly be some companies that will say we are uncertain about our CapEx spending because we don't know what our trade with China is going to be. So there'll be a little bit and the market of course hates uncertainty. It can deal with bad news but hates uncertainty because it can't model it. So, the market will have to deal with that a lot and I think that's baked into the market. I think it's going to be a tremendous surprise. But, you know look we could get some negative guidance if there would be big earnings misses. Hopefully they would be pre-announced, that's what the companies are supposed to do. But I think that expectations have been tamped down so much for the year that the earnings are going to be Okay. Of course that people will say well maybe they're backward looking they'll be for the fourth quarter of course. But the key will be guidance for 2019 and how concerned CEOs and CFOs are about trade and how the trade uncertainties might play into their planning for the year.

Can you take a guess at what investors need to know?

Tim Anderson, managing director at TJM Investments, said that there's one key thing that he's watching in earnings reports. 

"But the key will be guidance for 2019 and how concerned CEO's and CFO's are about trade and how the trade uncertainties might play into their planning for the year," Anderson told TheStreet.

Anderson also talked about what he's watching in the earnings reports.

"We'll have to see what kind of guidance we get given the fact that there are, I think the key is what kind of guidance do we get on CapEx spending given the uncertainties that are still out there over trade issues particularly with China because that's the big kahuna really," said Anderson. "And there will clearly be some companies that will say we are uncertain about our CapEx spending because we don't know what our trade with China is going to be. So there'll be a little bit and the market of course hates uncertainty. It can deal with bad news but hates uncertainty because it can't model it. So, the market will have to deal with that a lot and I think that's baked into the market."

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