/biz/ - Business & Finance

>>52385594
>But what if we get a soft CPI in Dec
Then JPow will still hike the rates? This "soft" CPI recently still showed 4-5% annualized inflation if you take just the monthly numbers and extrapolate them, so rates aren't quite ahead yet. Not to mention, neither increased interest payments nor the absolute obliteration of EMEA economies (which S&P companies have a lot of income and/or factories in) has really filtered through yet to earnings. And it will get worse even with some de-escalation in Ukraine, remember Nordstream is rekt so gas flow will be hindered regardless of the outcome. I honestly think though the rising rates may be a bigger story than energy prices, so many companies are debtmaxxed and will be fucked when they have to roll their bonds.

yeah the market might pump on retard strength but I'd rather get my guaranteed 5% than gamble on a sinking ship. SPY at 22 PE made sense with rates at 2% but that calculation has changed.