The economy is holding up. Repriced expectations have built a new wall of worry. [Week #10]
Things are going to be okay. For now.
Macro dashboard update
Growth
S&P 500 Forward Operating Earnings:In the latest weekly update (link here), we highlighted weakness in Q1 2025 forward EPS, with Q2 and Q3 remaining flat and Q4 showing a rise. We noted this aligns with Scott Bessent’s guidance:
“Could we be seeing this economy that we inherited starting to roll a bit? Sure. And look, there’s…
