Global manufacturing PMI may be the best leading indicator we have for earnings, notes Jeffrey Kleintop. He and Cooper Howard discuss the takeaways from today's market performance. They examine the trends in global inflation. Jeffrey mentions that higher "quality" stocks are likely to outperform the overall market. Cooper highlights that the Fed has continued to reiterate their hike-and-hold rhetoric, and we expect a rate hike of 25BPS at the upcoming meeting. Finally, they go over what to watch for in regional banking earnings. Tune in to find out more about the stock market today.
Market On Close
17 Apr 2023
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