I Feel The Market Move Under My Feet with Gabriela Santos of J.P. Morgan
RiskReversal Pod
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The Dangers of Being Cautious in the Market
Danny Cevallos: It gets dangerous now because the voices that are trying to warn or have concern get drowned out by the broader market with each passing day. He says analysts are cutting earnings estimates for S&P 500 companies for Q2 2023 by 2% aggregate during the first two months of the quarter. This decline is smaller than the five year average, the 10 year average,. The 15 year average and the 20 year average for this period. At some point, if there is an downward revisions period again, right, that could be the thing that causes investors to start thinking about where the S&P is trading at about 18 times.
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