US futures (YM=F, ES=F, NQ=F) are trading higher Monday morning as the market digests March retail data that beat Wall Street expectations. Commonwealth Financial Network Chief Investment Officer Brad McMillan joins The Morning Brief to discuss why investors should focus on job growth and consumer confidence when evaluating the current earnings season.
"I think it’s about the consumer. What we’ve been talking about is consumer concerns. For example, we saw the Michigan consumer sentiment survey bull back a little bit. It’s still healthy, still up from where it was several months ago, but I think the real question going forward for every company is going to be how are they doing with the consumer? What are they seeing the consumer buy? I think that’s that’s really what’s going to determine where earnings go for this year," McMillan says.
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