Keeping A Close Eye on Industrial Layoffs, Case For Stocks Emerging on 2024 EPS

This week in the podcast, we highlight the most interesting question we got last week, some thoughts on earnings, and updates on our high frequency indicators. Three big things you need to know: 

• First, layoffs for Tech are spiking, a necessary step in the bottoming process for the stock market, while industrial layoffs remain low, supporting the soft landing thesis.
• Second, as we combed through the earnings data, a case for stocks may be starting to emerge on 2024 EPS.
• Third, we review what jumped out the most on our high frequency indicators last week in terms of sentiment, valuation, and performance, which generally supports the soft landing thesis and suggest that last week’s strong move in US equities was justified.