Good News:

  • Strong hiring data
  • Strong Q4 GDP
  • Strong Q1 GDPNow
  • Strong March car sales
  • Oil down
  • Consumers still have cash
  • Strong corporate balance sheets
  • Strong bank capital
  • Inflation is moderating

Bad News:

  • LEI
  • Inverted yield curve
  • Weak manufacturingPMI
  • Weakening services PMI
  • Cooling retail sales
  • Weak housing starts

Download the Complete April 2023 Fritz Meyer POV Highlights PDF


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