Bloomberg Wall Street Week - February 24, 2023
Wall Street Week
00:00
The Equity Market Is Fighting the Bond Market
David Frum: Do the different indicators in the market really agree with one another? He says we have things like at least until recently pricing in price cuts, rate cuts across the board. At the same time, we've got a very tight labor market. We've got a really inverted yield curve. What is this all up and up to?Frum: So it has to be reconciled, David. And so I think what 2023 is really going to be about is reconciling those two markets.
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