Loads of the negative indicators are rightfully being discussed but I’m trying to see what positive ones there are to not get tunnel vision and have blind spots on potential future economic and market trajectory. Some I’ve seen:
1. Generally positive Q1 earnings
2. April Jobs report exceeded expectations
3. March CPI down 0.1% from Feb (first monthly decline in nearly 5 years) and up less YOY than Feb
4. March PCE was okay YOY at 2.3% with core PCE 2.6%
5. Rare earths deal completed with Ukraine
6. Additional domestic production planned including some car manufacturers and technology companies (more long term benefits than short term)