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The Soft Landing “Blue Pill” Is Overpriced | Andy Constan
Forward Guidance
Long Bond Short Equity
I think there's as we've said the recession is, um priced into many markets. And so I think it's fairly well expected. The trade to have on if you were really thinking a recession is long bond short equities. Mm-hmm But i'm short both AndyYou've got a chart of the forward earnings per share estimates Drawdowns from peaks. These happen You know during recessions and the bigger the recession the bigger the drawdown and forward estimates Right now we're close to a a 5 percent drawdown from forward earnings meaning that There's only 5 percent lower than where they were at their absolute top Um Where do you think this goes? It's just not
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