2Q Earnings Expectations: What to Watch in Quarterly Reports
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2Q Earnings Expectations: What to Watch in Quarterly Reports
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James St. Aubin gives his expectations for 2Q earnings season and what he’s hoping to see in company guidance in particular. He digs into the state of the labor market and what he thinks the Fed’s next moves will be. He notes that continuous claims are at the highest level since 2021, arguing that there are “cracks” below the surface in U.S. jobs. He calls valuation the market’s biggest risk factor.
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