New Bull or Bullsh*t?
MRKT Matrix
00:00
The S&P 500 Estimates for 2023 Are Going to Come Down.
Consumer discretionary is the second most expensive sector in the index. It's trading at 23.2 times forward earnings. This is a time when you still want to pay attention to valuation. I think we could both agree that the estimates for 2023 are going to come down, it's just how quickly they come down.
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