What a Long Strange Trip it's Been with Alfonso Peccatiello of The Macro Compass
RiskReversal Pod
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The Bottoms Up EPS Estimate for the S&P 500 for Next Year Is $232
S&P made a new all-time high, the first week of this year. Until S&P earnings estimates for 2023 come down meaningfully, we cannot bottom into that economic environment. When you have some negative pre-announcements, we have analysts start taking company guidance down. That's how the market is going to try to bottom up my opinion.
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