Credit, Earnings & G7 Unemployment

Today, our new Chief Markets Strategist Eric Wallerstein reviews takeaways from the Fed’s latest Senior Loan Officer Opinion Survey, for Q1. With fewer banks tightening credit and more reporting improved loan demand, there’s no sign of a credit crunch. That jibes with our no-hard-landing outlook for the economy. … Joe reports that Q1 EPS is unlikely to hit a record high, but Q2 EPS will if analysts’ current estimates are on the mark. … Also: Melissa looks at the labor market challenges faced by individual G7 countries and the various ways they’re addressing worker shortages.