The Bottom Line: A Demand Problem

In aggregate across the board, there's about 476 out of 500 that have reported sales growth of plus 4.37%. So those staples are above that kind of like average growth, what have you? And then earnings on the S&P total on the 476 of 500 is minus 3.36. But wage growth continues to be so strong, right? Wouldn't that kind of feed into those strong margins? Yes, it would. I don't see an alternative unless we have another round of monetary theory.