By: Jeff Buchbinder, CFA, Equity Strategist, LPL Financial and Ryan Detrick, CMT, Chief Market Strategist, LPL Financial
First quarter earnings season was solid by just about any measure, but based on recent market behavior it’s obvious that in general market participants paid little attention. This is a macro-driven market, so it will likely take positive macro developments, i.e., better news on the inflation front, to turn stocks around. However, these results are impressive on their own and shouldn’t hurt the case for the bulls. The question is when will the micro stop getting drowned out by the macro.
Read the full commentary here: weekly-market-commentary-5.16.2022