Perspective on Profits and Pauses | LPL Market Signals
In the latest LPL Market Signals podcast, the LPL Research strategists recap another relatively subdued week for stocks, discuss what the Fed’s presumed pause in its rate hiking campaign might mean for bonds, and provide some numbers that put a solid first-quarter earnings season in perspective.
Chapters:
00:00 - Intro
00:11 - Agenda
02:28 - S&P 500 in a word: Range-bound
03:37 - Global Equity markets – as of May 12, 2023
04:23 - Fixed income & Commodities markets – as of May 12, 2023
05:23 - Lots of Green on the Inflation Dashboard
07:57 - Fed Pause? 10-Year Treasury Yields Have Generally Been Lower
11:03 - Fed Pause? Corporate Spreads Were Mixed
15:32 - Much smaller Q1 earnings decline than anticipated
17:10 - Recession-like drop in profit margins has already occurred
18:34 - Estimates have stabilized during earnings season
19:20 - 2023 earnings scenarios
23:24 - Week ahead: Retail sales highlights slow data week
28:23 - Closing
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