US equities managed to finish higher in choppy Monday sessions after approaching fresh 52-week lows in the mid-afternoon. The path of least resistance appears to remain to the downside given concerns around tightening financial conditions. Big macro week ahead with the Fed and April employment report. However, with the Fed already widely expected to hike rates by 50 bp, the market may have to wait for more meaningful direction from the April CPI print on Wednesday 11-May. Just over 55% of S&P 500 companies have now reported Q1 results and in the aggregate, companies are reporting earnings 3.4% ahead of expectations.