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US Equity Watch: Recession or no recession – That’s the question.

Last Sunday we looked at USD liquidity and its impact on markets. We determined that the drawdown of the TGA due to the debt ceiling was a short term boost to liquidity but also flagged a prolonged QT risk in the second half of the year using the Waller-rule. In this Watch-series we would like to look at the other side of the valuation coin and put EPS under the recession spotlight.
2023-02-02

Last Sunday we looked at USD liquidity and its impact on markets. We determined that the drawdown of the TGA due to the debt ceiling was a short term boost to liquidity but also flagged a prolonged QT risk in the second half of the year using the Waller-rule. In this Watch-series we would like to look at the other side of the valuation coin and put EPS under the recession spotlight.

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