We’ve gone from RECORD EASING to RECORD TIGHTENING. This won’t end well. Our CCI composite combines the 5 key drivers of the profits cycle. Stay far away from risk-on strategies. #macro $SPY pic.twitter.com/fFvkIhkUfz
— Kantro (@MichaelKantro) April 23, 2022
Here is one component, change in rates, leading EPS revisions by 18m. Repeat, it takes a LONG time for rising rates, oil,wages…etc to actually show up in the data. Welcome to the 2nd inning of the slowdown. pic.twitter.com/WlhXUI8uHo
— Kantro (@MichaelKantro) April 23, 2022
Fed Chairman Jerome Powell signaled the central bank was likely to raise rates by a half point at its May meeting and indicated similar increases could follow https://t.co/Q1Klgo3Kcc
— Win Smart, CFA (@WinfieldSmart) April 21, 2022
I share with you the institutional thinking about "soft landing" pic.twitter.com/pAndDjqelc
— Alessio (@AlessioTMAD) April 23, 2022