Winding Down With No Regrets

The big thing you need to know: First, with reporting season starting to wind down, Health Care and Tech stand out positively on a few of our earnings-related sector stats. Second, we recap what we read in last week’s S&P 500 earnings calls. The overall tone improved vs. the prior week, but we still detected plenty of uncertainty as reporting season winds down particularly on demand, the consumer, mitigation levers yet to be pulled, and capex. Third, we run through a few other things that jump out on our high frequency indicators including the surge in Growth stocks, waning investor sentiment, and the sharp US equity funds outflows seen in the latest EPFR data.