The upside narrative in the markets last week was largely driven by more support for the peak inflation theme. However, a looming tension between easing inflationary pressures and a still-strong economic outlook, which will likely support a tighter rate hike cycle, continues to reign in market performance. We see this tension reflected in analyst questions across the Software & Services sector, as questions remain heavily-focused on companies' growth potential against a challenging and uncertain macro environment. Questions on sales pipeline outlook and price changes were also trending last week as analysts hone in on how companies are positioned to navigate through a volatile macroeconomic outlook.
For more information, take a look at our blog posts on Q2 Earnings.