Stovall: "Fairly Resilient" Labor Market, Powell on "Pins and Needles"
Schwab Network · Schwab Network
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Show Notes
Sam Stovall says the labor picture remains "fairly resilient" and doesn't see Chairman Jerome Powell needing to hint at a rate cut in the July FOMC meeting. He adds that Powell is on "pins and needles" alongside everyday investors as we continue to get good economic data. On the broader market performance, he looks to historical trends that may indicate further upside could be in store. For the earnings season ahead, he's looking for improved profit margins.
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