- Oil at $60 per barrel will stem worker layoffs and revive the energy sector while stimulating further economic growth.
- Corporate earnings are improving with more upward revisions and upside EPS surprises, evidence that the weakness in the first quarter was only temporary.
- April’s jobs report was a positive sign that the economy is still healthy while additions in the construction industry shows strength in consumer demand.
U.S. financial markets have been touch-and-go this year and mixed economic data points to a murky outlook for growth. The S&P 500 is up just 1.93% year-to-date while the NASDAQ has posted a far more impressive 5.19% gain. The yield on the 10-year Treasury note has fluctuated quite a bit from a low of 1.65% to a high of 2.29% – its current yield. However, volatility as measured by the VIX has dropped over 27% – currently hovering below 14…
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