This week's gauntlet shows equity markets are getting stronger. Earnings visibility strengthening as 43% cos post >10% EPS growth.

The video in this report is only accessible to members
The video in this report is only accessible to members
The video in this report is only accessible to members
The video in this report is only accessible to members

VIDEO: We discuss how this week shows the equity markets are getting stronger, handling bad news with resilience and earnings visibility improving.

Please click below to view our Macro Minute (duration: 5:27).

The video in this report is only accessible to members
The video in this report is only accessible to members

The S&P 500 is up +0.31%, the 14th consecutive week of gains. This is a positive outcome given the gut punch -2% sell-off on Wednesday post-FOMC (Fed threw cold water on March cuts). But we learned a lot this week. On a basic level, this week is a fractal of 2024, and tells us 2024 will be a challenging year, but ultimately positive -- in the same way, January had zig-zags but ended up positive.

But the more important takeaway, in my view, is the stock market is getting stronger. Why?- last week, $TSLA fell -11% and yet equities gains- this week, Fed chain threw cold water on March cuts, and stocks rebounded- 4Q23 EPS season shows 43% of S&P 500 cos are growing >10%, highest since 2022- January ISM manufacturing turned up to 49.1, highest since Oct 2022- ISM upturns lead EPS growth YoY since 1990 In other words, the stock market is starting to look far more resilient than 2023. And this argues for a broadening of sector performance as well = good for durable gains.â...

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