Earnings season is underway and approximately 30% of companies have reported. “Q1 is going to be a litmus test for what we see the rest of 2024,” said Eric Lynch, managing director at Scharf Investments during a recent appearance on Reuters TV. While some consumer discretionary companies are falling short of expectations, other companies like consumer staples are beating estimates. All of this comes as the economy is starting to slow. We will need to keep an eye on the remaining companies yet to report to get a clearer picture of corporate earnings growth and the health of the economy.

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