The Market Rally's "Drive for Five" and Jamie Dimon's Letter to Shareholders 4/4/23
Squawk on the Street
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The Decline of Incentives in the Stock Market
Incentives are up, day supply is up. This pricing discipline is going to crack. Look at this, 1,529, the incentives up from 1490 last month. But how about this GM image, what, 47 versus 35? For 63 versus 45. Any decline in yields is not a punch bowl, it means it telegraphs, weakness. Once again, they say that Q1 will be the highs for the year on equities. Oh, that was bad.
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