Weekly Economic Indicators, Oct 25
2022 EPS estimates on the S&P and Nasdaq are starting to trail off, despite 2021 still rising. The market is still expecting a strong Q4 holiday season.
There seems to be some disconnect in the market at the moment—equity volatility is at an all-time low, against a backdrop of…
1. GDP forecasts that have contracted and real-time forecasts turning negative
2. 2022 EPS estimate downgrades
3. global rates making sudden spikes higher on the short-end
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