Why We Should Focus More on Economic Data than Politics

The transcript discusses the impact of recent economic data on the stock market, highlighting disappointing figures like the Chicago PMI and pending home sales. It examines the housing market's response to rising mortgage rates and the potential headwinds for exports due to a strong US dollar. The conversation shifts to market expectations, focusing on employment gains, corporate profits, and the S&P 500's performance. It also addresses market volatility, the necessity of PE expansion for a rally, and predictions for Fed interest rate hikes, suggesting a possible increase in June rather than March.

How does the text describe the potential impact of consumer confidence on economic strength?

What is the anticipated range for the S&P 500 according to the text?

What might influence the timing of the next Fed interest rate increase?