First Word
April CPI (next week) could increase market expectation of Fed cuts back to 2-2.5 (from 1.8). S&P 500 +1.7% week to date, a reminder "never short a dull market"
VIDEO: We discuss how next week's April CPI could increase market expectations for more Fed cuts. Please click below to view our Macro Minute (duration: 4:53). https://vimeo....
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First Word
5 takeaways from earnings season and why muted reaction to beats is not "late cycle" signal.
VIDEO: The muted reaction to positive EPS, in our view, reflects the cautious macro views (uncertainty) given the stubborn inflation reports. 1Q24 EPS seems more...
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First Word
Earnings focus of coming week... "red hot" economy cooling is another support for "buy in May"
VIDEO: The biggest incremental support for stocks in May is the fact that the "red hot" economy is showing signs of cooling Please click below...
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First Word
A soft jobs report likely shifts "fear of May" to "buy in May"
VIDEO: We discuss how the growing apprehension of markets likely eases in next few weeks, perhaps starting with a possible "soft" April jobs report. Please...
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Macro Minute Video
Video: Macro Minute: May FOMC meeting shows a dovish Fed
VIDEO: Here are 5 from Fed FOMC rate decision that show Fed was dovish. And this supports higher stock prices in May. Please click...
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First Word
Equities down -4% in April and some wonder if this is the start of "payback" — still expecting May to be a positive month, with May FOMC (Wed, today) obviously important.
VIDEO: S&P 500 was down -4% in April, but we still expect May to be a positive month. There is a gauntlet of data ahead...
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