This week in the podcast

(1) Most of the major trends and themes for 2Q reporting season that we’ve been

highlighting over the past few weeks remained intact. (2) We learned four new,

important things last week on slowing growth rates, supply chains, labor, and

COVID/mobility. (3) It’s not unusual for slowing growth rates to trip up the

stock market temporarily following recessions. (4) The high-frequency data we

track suggest mobility trends remain constructive.