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.
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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