North American markets have been relatively flat throughout this earnings season, leaving market watchers to wonder what’s next? Also, how could this earnings season impact next week’s Fed meeting? Jurrien Timmer, Director of Global Macro, is back with us today to break down what’s on his radar. Jurrien shares with host Pamela Ritchie that the market seems to be betting on a soft-landing scenario. He says not just for earnings, but one where the Fed plays along, maybe raising rates one more time and eventually easing down to a neutral rate of around 3%. Looking at earnings season, Jurrien notes that the companies who have reported earnings so far have reported earnings of about 5%, which is larger than normal. Jurrien will unpack why earnings have been resilient. Among other topics today Jurrien also focuses on the price low last October and if it was the start of a new cyclical bull-market, as well as the possible direction for currencies including the US and Canadian dollars.

Recorded on April 24, 2023.

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