The Timing Is Screwing Everybody

The bottom up analyst consensus is calling for earnings growth of plus 9% in both Q4 of this year and Q1 of next year. That very much rhymes with the view that it sales side consensus had coming into 2023, which is recession first half recovery second half Recession first half Recovery second half. If we don't have a recession in the first half, the recession does not start in the third quarter. We're going to be talking at least a lot of investors are going to be looking around and saying, maybe that was it. Time to go time to get long. And that's exactly the right in our opinion.