86% of companies in the S&P 500 have now reported and earnings are through the roof.
https://i.imgur.com/yJ9hMcq.png
With higher than expected jobs in April, most job losses last year in the rearview mirror in 2022:
https://fred.stlouisfed.org/graph/fredgraph.png?g=13eBv
Is a soft-landing in the markets becoming more and more plausible every day? Markets tend to bottom several months before earnings and we are getting strong signals that after a devastating -27% decline in S&P quarterly earnings over 4 quarters (-34% real), compression may finally be over.
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