And they're off! High-stakes racing season is kicking off with "the most exciting two minutes in sports." Like the horses this weekend, equity markets got a quick jump out of the gates this year, only to slow down in April following reduced expectations for Fed cuts and stubborn inflation. With the tailwind from the Fed dissipating, focus has turned to fundamentals – and in the case of financial markets – corporate earnings and the health of the consumer. With a tougher stretch ahead, join Raymond James Chief Investment Officer Larry Adam as we outline how we see the financial market 'race' evolving with a focus on the health of the consumer, municipals, U.S./China relations and corporate earnings.