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Michael Cembalest Takes Us to School
The Compound and Friends
How Much Credit Do You Put Into the Stock Market and What That's Telling Us?
The Russell 1000 equal weight food beverage and tobacco index is heavy. And if you look at just consumer discretionary divide by consumer staples, this is going vertical. So how much credits do you put into the stock market and what that's telling us? Do you care about price-based signals of securities as much as we seem to... Evaluation based. The PEs right now, even if you strip out the magnificent seven or at the high end of the range,. Okay. There's not it. I can summarize our investment views. We're probably in the neighborhood of normal equity risk taking allocations but would be looking to reduce them into the fall. This is what we're talking about, by the
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