Markets Await Possible Fed Pause, Recession
Bloomberg Businessweek
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The S&P 500 Is in the Top Decile of Valuation
Aaron Kennan is a co-founder and chief executive officer of Clean Harbor Asset Management. He says the notion of a hard landing certainly is not priced under the equity market as we head into the Fed meeting on Wednesday. The S&P, trading at 20 times this year's anticipated earnings level is certainly in sort of the top decile over the last 25 years of valuations.
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