The Blue Line Is a Forecast of Where the S&P Is Projecting

Alex Castellanos: The tightening was multifaceted not just from interest rates but also from fiscal policy do you see that orange line which shows two year on year performance of stock market how it went from like 100% up on two years to almost flat on two years Alex. He says the bond market now is telling us to expect the S&P to get down to essentially a 58% or 42 to reach a value which would be 42% of its previous high at 4800Yes something like that this is not a very as you can see the feed is not very precise but that's about 2000 on the S&p that's that's a pretty darn low number yes.