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Fisher Investments believes combing through government and corporate releases for nuggets of data helps analysts glean what the current sector landscape is and how that might impact future sector performance. It's not a crystal ball telling you what will definitely happen to a sector or an industry and how profitable it will be. And even if you had one, it wouldn't necessarily translate perfectly into a forecast for stock prices over any specific time frame. Why is that?
The economic statistics analysts pore over are a snapshot of what has already happened. As Fisher Investments often states, the stock market is a discounter of all widely known information and moves based on future expectations. Keep that in mind when evaluating economic statistics, otherwise you risk placing ill-guided importance on something no longer meaningful. Additionally, Fisher Investments encourages you to remember that snapshot is frequently imperfect, static, and doesn't provide the complete picture. Often, more qualitative analysis is required—reading company news stories, analyzing company earnings conference calls, and reviewing company investor presentations. These can be found through myriad news sources, firm websites, and the SEC.
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