Jobs, Earnings& Sweden

The widespread expectation that the Fed will lower interest rates this year is linked to the widespread expectation that the labor market will weaken. Both may be misguided. If the economy remains resilient and the labor market strong, as the latest data suggest, there’s little reason for the Fed to ease monetary policy in 2024. … Analyzing the data on industry analysts’ Q1 EPS estimate revisions and growth expectations for S&P 500 companies suggests to Joe that investors will be treated to another strong quarter. … Also: Melissa journeys to Sweden for a look at the country’s rebounding economy and sensibly valued equity market.