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2min chapter
This Is a Hitchcock Horror
The Compound and Friends
Is There a VIX Driven Multiple Compression?
Jay Pmoregendels: Earnings growth appear multiple growth. But we've seen earnings contract all year, he says. So stocks were expensive, interest rates were low, now the opposite is true, right? Like there is an alternative to stocks with a six month yielding 4%. And that's the most novel thing about this period of time," Jay adds.
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