We're in crunch time for earnings season, and it's not all bad. Q1 results for many companies have been coming in above analysts' mean estimates, but some guidance has been lackluster and executives have been signaling they are preparing for challenges ahead that could include a recession. The S&P 500 eased -0.1% last week despite many companies posting Q1 earnings beats. However, the index is still in positive territory for the month and year to date; it is now up +0.6% for April and up +7.7% for 2023.
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