Is the Earning Cycle Turning Down?

The dollar, the oil price and interust trates had all been rising for a period of time. That that trifect was a good leading indicator of an earnings recession. When you see those things surge as they have recently, it's a pretty good tell. Retail, medals and mining industrials, transports, have all been relatively weak relative to the s an b 500. All these things point to a natural slow down in fundamentals,. which i don't think markets are pricing in with the highest valuations in historywhere the investors aren't quite factoring these things in.