Wieting: Earnings Season Good Like This Since 2009

The video discusses the current earnings season, highlighting surprises and future gains, especially as the energy sector recovers. It explores cost-cutting measures and industry rotations, noting that big gains from deep troughs are over. The analysis of real GDP shows a debate on growth statistics, with underlying growth in domestic demand being modest. Concerns about companies focusing on shareholder returns over growth are raised, alongside challenges in the labor market due to low productivity and rising wage inflation.

What is the underlying growth in domestic demand as mentioned in the text?

What factors are contributing to the tightening labor market in the US?