macro

The macro environment seems to be looking up for them, however.

Tightening liquidity also threatens the equity market’s advance, says Steven Blitz, managing director for global macro and strategy at TS Lombard.

“I think the earnings data has taken on a little bit more importance,” and the overall takeaway so far is that “everything looks fine,” said Sonu Varghese, global macro strategist at Carson Group.

“Look, quite clearly, we have a K-like recovery where some people are doing great and other people are doing miserably,” said Bob Savage, head of macro strategy at BNY.

Amid the mixed macro signals, one bright spot is emerging: early signs of a lending rebound.