We're Seeing the Effect of the Fed Tightening Cycle in Earnings

I don't think we've felt the effect of the feds tightening cycle in terms of earnings I think there's a lag effect that we're gonna just start seeing now and if you really look you're seeing it in the form of these announcements about layoffs without question. It's just a matter of time before you see it in earnings and subsequently earnings forecast going forward. The higher asset prices go  the more difficult the feds job becomes which is gonna be the more earnest they're gonna be, says HCP Eric Clifton.