Topic: Corporate Earnings

Andrew Horowitz explains that behavioral finance and market psychology are more critical to investing than reacting to static economic reports. He shares an anecdote about a horse in Costa Rica to illustrate the importance of staying invested during market volatility. The hosts also discuss how CEOs monitor stock prices in real-time during earnings calls to adjust their commentary and manipulate analyst perceptions.

Service Corporation International (SCI), a major funeral and cemetery provider, raised its 2021 earnings guidance due to higher-than-expected death volumes. The CEO attributed the growth to the Delta variant and "non-COVID excess deaths." The hosts suggest that financial reports from the death care industry are a more reliable metric of mortality trends than government data.