, which is a troubling harbinger for this month's labor report.
"Coming into this earnings season, we saw cuts to consensus that were larger than usual," Malik said."So you set the bar pretty low; come into this earnings season, it looks pretty good." "Margins are continuing to compress," Malik said."Companies are beating based on revenues growing. If you look at why revenues are growing, it's because of pricing power — not because of volume. Inflation's rolling over, so I think a lot of companies are going to have a hard time holding onto prices."Despite her concerns about the economy, Malik doesn't see a massive market sell-off coming.
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