Josh Jamner reviews jobless claims data, pointing out the continued strength of the labor market. He suggests this strength, coupled with disinflationary trends and lower oil prices, could lead to two or more Federal Reserve rate cuts later in the year. Jamner also discusses a leadership rotation in the market, favoring value and small-cap stocks over the "Magnificent Seven," and sees potential upside in consumer-focused companies. He concludes with a look at the A.I. narrative, anticipating a "pause that refreshes" as growth rates, though still strong, begin to slow.