A few blurbs from the weekend WSJ…
“The futures market is pricing S&P dividends per share at $64.55 per share this year, but only $60.60 in 2023., implying a drop of 6%, according to Goldman Sachs.”
Same article…
“Eight of the past rate-hike cycles ended eventually in recessions, Deutschmark data show.”
Same article…
”None of the data we track, even leading indicators that look forward, are indicating that recession is on the horizon,” said Cliff Hodge, chief investment officer at Cornerstone Wealth.
Same article…
…”The analysts added that the S&P 500 is edging closer to the typical decline of about 24% seen in recessions dating back to 1946, and the current sell off, at more than 90 trading sessions, has extended well beyond the typical downturn not associated with a contraction.”
So there you go, it’s anybody’s guess where this one ends up. I thought the futures market projecting S&P dividends was interesting.