Not giving up
NAB Morning Call
00:00
The Fed's Resilience in the US
Corporate profits Q on Q for Q on down 5.9% although that was less of a fall than expected. But interesting, none of this, you know, everything we've been talking about, it's not reflected in equity markets, is it? I mean, they're up again today even though they've ignored the GDP,. They've ignored the expectations that the Fed is going to have to do more and keep on pushing. And so,you know, that story of resilience in the US is very much a lot. It's getting reinforced, isn't it? One of the concerns, greedflation, companies putting up prices too much and adding to inflation.
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