We're joined by Ben Emmens, founder and chief investment officer at Fed Watch Advisors. Ben, great to have you with us. >> Hey man, it was good to be on again.Thank you. >> So, we saw that record hit on the S&P 500 early in the session and then the market started really thinking like, uhoh, why do we really need so many cuts. Are you worried that there is a growth scare ahead of us.>> Not really. actually now because I I I've noted from the GDP data and even from some of the ISM and regional PMI data there' ...

Economic Indicators - Initial Jobless Claims rose to 241K, exceeding the expected 225K and the revised previous week's 223K, marking the highest level since February [3] - Continuing Claims surpassed 1.9 million, reaching 1.916 million, the highest since November 2021, indicating potential labor market weakness [4] Q1 Earnings Reports - Eli Lilly (LLY) reported earnings of $3.34 per share, missing expectations by 5%, but revenues of $12.73 billion exceeded projections and last year's $8.77 billion, driven by strong sales of the weight-loss drug Mounjaro [5] - McDonald's (MCD) posted earnings of $2.67 per share, slightly above consensus, but revenues of $5.96 billion missed expectations, with same-store sales at their lowest in five years [6] - CVS Health (CVS) beat earnings expectations with $2.25 per share, a 31.6% surprise, and revenues of $94.59 billion, up 1.76% from estimates, contributing to a 48% year-to-date gain [7] - Wayfair (W) reported a surprise profit of $0.10 per share, compared to an expected loss of $0.18, with revenues of $2.73 billion slightly above estimates, leading to a 6% increase in shares [8] Market Expectations - Anticipation for S&P Manufacturing PMI and ISM Manufacturing data, with S&P expected to slightly decrease to 50.6, while ISM is projected to drop to 47.8, indicating potential contraction [9] - Construction Spending for March is expected to decline to +0.2% from +0.7% in February, reflecting potential shifts in trade policy [10] Upcoming Earnings - Amazon (AMZN) and Apple (AAPL) are set to report Q1 earnings after the market closes, along with other companies like Mastercard (MA), Amgen (AMGN), and Twilio (TWLO) [11]