Anna Wong: Tariff refunds and shortages define latest earnings season

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24.09.2026

Anna Wong: Tariff refunds and shortages define latest earnings season — Tariff refunds and shortages drive results

Anna Wong outlines key themes from the latest earnings season, focusing on the impact of tariff refunds and supply shortages.

According to Wong, tariff refunds have provided a boost to company earnings, though this may reverse in future quarters. She also notes that half of S&P 500 companies cited some form of supply shortage, with truck-driver shortages highlighted as a significant issue.

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In prior analysis, Anna Wong found that tariffs made up around 20 percent of retail prices last year, emphasizing their tangible impact on consumer costs (link). She has also cautioned that a negative U.S. payroll report is possible, raising questions about the Federal Reserve hiking rates after successive weak prints (link). These earlier findings provide context for her recent focus on earnings and supply disruptions.

This material may contain third-party opinions, none of the data and information on this webpage constitutes investment advice according to our Disclaimer. While we adhere to strict Editorial Integrity, this post may contain references to products from our partners.

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