Equity Risk Premiums continue to be very unattractive relative to historical correlating returns.
Read MoreSMB employment hits pre-pandemic levels in both goods and services jobs.
Read MoreBond and equity volatility telling completely different stories. Historically, equity markets “catch up” with bond market signals.
Read More10Y Treasury vs. 2Y Treasury near inversion (key sign of recession)
Read MoreVVIX and long-term yields showing optimism.
Read MoreRussia invades Ukraine which puts the Fed in a tight spot for policymaking as PCE rises again in January.
Read MoreInflation at front of headlines with consumer and SMB sentiment at historic lows.
Read MoreAll focus on earnings. Mega/Large caps growing earnings with stock prices reflecting positive outlook. Lower 2023 prospects.
Read MoreLooking over the last year, inflation was the primary narrative driving the equity markets.
Read MoreVolatility remains high as shown by VIX refusing to come down
Read MoreNasdaq 2021 EPS estimates on a sharp decline while 2022 estimates continue trending down
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