The claim that lower equities just reflect the bond market with no real discount for earnings seems not obviously wrong, although it is complicated Gerard MacDonell September 6, 2022 4:37 PM
Employment report is slightly weaker and less hawkish than expected, although not a scene changer Gerard MacDonell September 2, 2022 9:54 AM
Manufacturing sentiment indicators are confusing, but balance of evidence seems to favor stabilization Gerard MacDonell September 1, 2022 11:04 AM
