Economic Updates, Advisor Training Tim Pierotti, Chief Investment Officer Economic Updates, Advisor Training Tim Pierotti, Chief Investment Officer

What Did We Learn This Week? (10/06/2022)—Sell-side Research

In this week’s essay, Tim discusses the problem of trying to value the equity markets based off consensus forward estimates. Wall Street estimates will always be behind the curve in a downturn and this time is no different. Stocks may look “cheap” on current estimates but those estimates are always far too high ahead of recessions.

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