Recession Is Such Sweet Sorrow, Mike Wilson from Morgan Stanley
RiskReversal Pod
00:00
Is the Bond Market a Recessionary Bear Phase?
Mike Wilson: The bond market may have a right where they're saying, hey, don't sugarcoat what the Fed is going to do here. So I think as selloff in the stock market, Dan makes yields go lower, not yields going lower making the stock. And that might be somewhat nuanced, but that's how I think we get there. David Tepper was on the network a couple of weeks ago and he said seldom if ever has the multiple troughs when earnings trough. People don't realize that the multiple for the S&P trade down to somewhere between 11 and 12.
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