The Start of Earnings Season

254 company’s will report this week according to Yahoo Finances. Many of those companies typically don’t make the headlines on CNBC or Bloomberg, yet they do represent the foundation of the worlds economic landscape. The worlds economy isn’t solely based on the Top 10 holdings of the SP500.

As we head into earning season more cracks are starting to show up. One such crack was the announcement of Microsoft laying off more employees in addition to the 10,000 announced in January.

The consumer at the end of Q1 2023 struggled to make ends meat. As I wait to see what Q2 2023 delinquency numbers looks like, I suspect a continuation of Q1.

Bank Deposits have ticked up since April 2023, yet much of the money that banks depend on to continue creating earnings still sits in money market accounts earning steady returns.

Retail Money Market Funds rise as money exits banks.

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