MRKT Call 12/6/2022: Banks Shot
RiskReversal Pod
00:00
The S&P 500 Is Down 17%, Dan.
The duration with which they stick around at these levels, right? That's the thing that got the markets booked a couple of weeks ago. I think back in October is when they talked about how long rates need to remain elevated. So now it's like living with elevated levels of that in a slow growth environment, not good for equity valuations.
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