Connecting the Dots Between Micro & Macro Factors Impacting the Economy

Review the latest Weekly Headings by CIO Larry Adam.

Key Takeaways

  • More disinflation in the pipeline
  • Economic growth is moderating
  • The labor market remains on solid ground

With 1Q24 earnings season in the rearview mirror, the market’s attention will shift from focusing on micro factors (e.g., individual stock earnings, company guidance and commentary) back to macroeconomic factors. That is, at least until the start of the next quarterly reporting season which is only six weeks away! And there is no shortage of big, macro events on the horizon in the coming weeks, with an inflation report, jobs data, and the upcoming Fed meeting (which includes the updated dot plot), that could potentially move the markets. Below we connect the dots between the micro data points (what we learned during 1Q earnings season) and what we expect the forthcoming macro data will reveal about the state of the economy.