Lynch: Time to Pivot from Macro to Micro

March 11, 2024

“It looks like it’s time to pivot from the macro to the micro.” Eric Lynch, managing director at Scharf Investments, appeared on Reuters TV’s “Market Insight” program and shared his perspectives on the current market environment. With healthy jobs growth reports and the Fed feeling more comfortable that inflation is in check, the focus now turns to earnings season. Corporate earnings grew just 0.9% in 2023, despite an S&P 500 return of 26%. Guidance for Q1 growth has already been adjusted since January with more than 70 companies decreasing their guidance for Q1.

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