Fixed Income Market vs Equity Market

I think they are a little bit of tension between the two right now. The fixed income market has taken mister powell at his word that his commitment to bringing information down is unconditional. I don't tink the equity market has fully embraced it. To get really bullish on equities, you've got to believe that earnings are going to hold up relative to expectations. And mister pal has not promised that. In fact, vicecerllow brainer actually commented very recently about the notion there's room for profit margins to contract.