Current consensus

 

THIS is the current institutional and public consensus:

“to be making some grandiose call about new highs is, quite frankly, it’s irresponsible given what’s going on with the Fed and QT coming. It’s going to be a lot worse than people have experienced so far”

Morgan Stanley’s Mike Wilson@isabelletanlee https://t.co/Wz0EKEbe8g

— Jonathan Ferro (@FerroTV) August 24, 2022