Post by Dylan LeClair: Nice thread. Completely agree. Market is woefully unprepared for a surprise hot print. Earnings rec...

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Dylan LeClair @BTCization · Dec 15, 2022

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Nice thread. Completely agree. Market is woefully unprepared for a surprise hot print. Earnings recession and credit risk probably get priced in to a greater extent in 2023. Still think there’s potential for a large correlation to 1 VaR shock at some point.

Tweet Dec 15, 2022

The majority of the move in equities this year has been driven by the change in the RFR. That is now changing. Equities are pricing in a real earnings recession now, breaking the correlation with yields.

by Sam Lawhon

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