Read the full article on FactSet Insight.
Excerpt:
The Fed is getting what it wants. Jobless claims are on the rise, and inflation is sagging. April’s economic data has clearly drifted toward the ‘slowdown’ camp despite a decent monthly jobs report back on Good Friday. Earnings season is also underway, and so far, the numbers have not been all that bad according to FactSet. Of course, estimates have come down significantly from last summer’s highs. Still, bottom-line beats have been sharply outpacing misses, but it’s really all about the guidance and collective tone among CEOs.
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