Surveillance: Fed Skip with Luzzetti
Bloomberg Surveillance
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The S&P 500: What's Special About 4300?
If there is some type of recession, ultimately, and some type of, it has to signal that we're going to see further contraction within earnings. And that's something that I think the outlook right now is a little bit too rosy. We actually, that was one thing coming into this year. We thought we were going to see about a 10% contraction in earnings. But we've reduced that. We think it's going to be about a 6% based on the strong Q1, but still a contraction. This conversation is a 15 years ago. The sharp ratio didn't work. It's all there is to it. And what's so important here, John, is all
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