Strong data is 'good news' for markets, but may delay Fed cuts

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Stocks (^GSPC, ^IXIC, ^DJI) are trading higher after consumer sentiment and pending home sales data came in better-than-expected. BlackRock Senior Macro...

BlackRock Senior Macro Investment Strategist for iShares EMEA Laura Cooper joins Yahoo Finance Live to discuss what this means for markets.

They are all expected to post positive 12-month estimates. So I think it's quite still a favorable backdrop for equities really in the absence of a clear catalyst. Potentially tomorrow's inflation print could be kind of a knee jerk reaction if it does surprise strongly to the upside. But I think we would need to see a few of those upside inflation surprises come through for the Fed to materially deviate from its current policy stance.

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