The Relationship Between S&P 500 Earnings Growth and Backlogs

Every single component of earnings was a bubble. Inventories, you know, looking at inventories versus backlogs and the leading indicator that was embedded therein. I actually have a really hard time stuff getting to, I'm better than bad at now casting real GDP growth and headline inflation. But I struggle with where the, where the bottom is on the rate of change of S&P 500 earnings growth.