Bloomberg Intelligence's 'Equity Market Minute' 6/2/2023

Gina Martin Adams discusses the current market psychology dominated by recession fears. She highlights the end of the earnings recession for the S&P 500, noting improvements in margins, especially excluding the energy sector. The communication services sector, which faced a significant earnings drop in 2022, is showing signs of recovery. If trends continue, this sector could lead the index's improvement in 2023.

What improvement is expected for the S&P 500 margins for the rest of the year?

What does the consensus suggest about the earnings growth improvement in the communication services sector?