Asks Sam Stovall how to reconcile weak labor/talk with equity market suggesting global economic liftoff, and what market behavior tells us.
Melissa
Sam Stovall
Expectation of weak payrolls (~55k) and declining YoY CPI could lead to a June rate cut, supporting share prices.
Asks about market broadening sustainability and compatibility with new highs.
Melissa
Sam Stovall
Market breadth improving: 30 sub-industries moved back above 50 & 200-day MAs, including diversified metals, global banks, and technology hardware.