Asks what ingredients are needed for the market to continue doing well this year and why it's strong out of the gate.
Kelly
David Zervos
Two key macro drivers propelling the market are housing reform and energy policy, which are central to the administration's goals of affordability and the election outcome.
Asks how to position for the jobs report and what the best possible labor market news would be, given that too much strength might pose a risk to rates.
Kelly
David Zervos
A very strong payrolls report would be disconcerting for markets, but is unlikely given the significant deceleration in labor data since 2023.