Mike Wilson: Earnings, The Fed and Consumer Spending

This podcast episode analyzes the Q1 earnings results and Fed's impact on the economy. The discussions focus on earnings per share being at lower estimates due to a downward trend in earnings growth and margins. Despite this, the equity market still expects both interest rate cuts and durable growth. The Alpha Wise Consumer Survey highlighted consumer spending trends, indicating a pullback in discretionary goods while maintaining essential goods, potentially attributed to inflation and concerns.