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We'll earnings surprise to the upside. Welcome to the Real Vision Daily Briefing here with me today is Mish Schneider, director of trading research and education at market gauge.com. Hi, Mish.

Hi, Maggie.

It's so nice to see you. We were chatting right before the show and I was saying we're so grateful because you can talk about everything.

And I kind of feel like we need to talk about everything. But let's start with stocks because we saw US equities rally ahead of what's going to be a really busy week for earnings.

And that was interesting because there'd been a lot of trepidation ahead of that. I felt like so we've got Apple, Alphabet, Amazon, Microsoft, Meta, I mean all the biggies coming up.

When you looked at the action today, did you get the sense that maybe investors were kind of rethinking that and anticipating slightly better news or does today feel more technical in nature?

Let's say maybe a little bit of both because we started out on the heels of a PMI that's softened a little bit.

So even though we have absolutely zero evidence of a Fed pivot, everybody immediately jumps to the conclusion that the Fed is going to pivot.

And so, you know, just to get the Fed conversation out of the way, we can say that my anticipation is that the Fed may slow the rate of change in terms of how fast they raise the rates.

But that's a lot different than doing a pivot. And there's no reason why they should pivot at this point. So even with a softer PMI, we do have PCE numbers coming out at the end.

So I think that that's where the fundamentals came from and earnings so far haven't been nearly as disastrous as people already thought starting with the bank earnings that we had a week or so ago.

So we'll see, we'll see what happens with these big earnings, but I'd say the technical part of this is very much a factor.

And we can talk about that, particularly if we want to look at our economic modern family here.

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