Neil Dutta on Economic Research
Masters in Business
00:00
Is the Good News Already in Stock Prices?
The next shoe to drop is the earnings recession. How do you get an earnings recession if nominal growth is running at 5%? Has anyone mentioned about the dollar? Like the dollar's off 10%. Doesn't that have a mechanical effect on corporate earnings for the multinationals that trade on the S&P 500? And I guess the other thing is, in a weird way, interest rates coming down and people betting on the Fed to kind of back off juices the housing market because you see home building stocks at a 52-week high now.
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