GAAP earnings and free cash flow continue to be challenged, notes Chris Recker. He discusses how stocks are on track for the best week since October 2022. He talks about how the Fed’s Powell said that the full effects of tightening is yet to be felt. He goes over how falling yields impact equities performance. He also outlines bond market valuation relative to equities. He highlights how long-term treasuries exhibited an extremely oversold condition plus some of the highest expected real returns this century. Tune in to find out more about the stock market today.