The market remains in shaky ground as some downbeat economic data outweighed strong bank earnings.

Consumer Sentiment showed a slight improvement from March, increasing 2.4% to 63.5 and above consensus of 62.1. Notably, however, 1-year inflation expectations saw its largest increase since May 2021 to 4.6% from 3.6% in March. This could be a sign that the April month-to-month inflation number is less likely to be as cool as what we saw for March.

Today’s Atlanta Fed’s GDPNow tracker; the GDP has been revised upward for the first quarter to 2.5% from 2.2%. Bulls may point to a strong economy, while bears would suggest the Fed has to tighten.

Financials are the sole winner this afternoon, buoyed by a more than 6% jump in JPMorgan (JPM).