Is Market OK With Companies Showing Slowing Growth?

"Large-cap growth segments of the market continue to trend higher given continued easing in inflation pressure. Disinflationary pressures have helped underpin the recent rally. Labor will certainly be the key metric to watch moving forward," says Kevin Gordon. "The PCE report confirms a disinflationary trend. With high inflation in the rear-view mirror, the Fed's focus should shift to the labor market and overall financial conditions. Despite more than 400BPS of Fed rate hikes, financial conditions are still in neutral territory," adds Collin Martin.