Adjusting to match definition of nonfarm payrolls, household employment increased by 563k in April, which was largest gain since March 2023 pic.twitter.com/6ehlBgMdMS

Employment is in contraction for both ISM Manufacturing (blue) and Services (orange), but trend has been better for former pic.twitter.com/hocMwMnlGS

CFRA: ".. with the S&P 500 closing back above its 50-day moving average, many wonder if the 22 calendar-day, 5.5% pullback from March 28 through April 19 has run its course. If so, history suggests a 6% gain above the prior high before slipping into another decline of 5% or…

They tell us that earnings estimates tend to drop, but that hasn't happened in '24 so far. S&P 500 earnings still expected to be up an impressive 10.8% in '24. We continue to think that is a tad light, as a stronger economy in H2 should see even better numbers. pic.twitter.com/9UPkzGRjZC