Latest on the Selloff: Opportunity Ahead?

In this market update, we have the latest on the stock market selloff. We highlight fourth-quarter earnings, showing how profit growth has climbed since our last update. We emphasize how consensus estimates for future profits are continuing to rise. Lastly, we turn to the recent jobs data, noting a healthy increase in new jobs and strong wage growth. Initial unemployment claims remain low, pointing to a steady labor market. As long as the jobs market is stable, consumers should continue to spend.