The 9th Edition of Stenose Signals

When we see a rebound in real wage growth, it is typically a signal to buy equities. As long as the consumer feels the manner from heaven from veining prices relative to wages, then this cocktail could actually prove to be decently okay for equities - but not necessarily for bonds. So, to some and all up for March, my best take is that you can stay long equities despite all of the risks looming out there. But we need to stay vigilant and we need to update these macro indicators on at least a monthly or weekly basis.