The earnings warnings show that profits are under pressure, but it's not affecting the overall market because of the big move in interest rates. The key for stocks is still the bond market.
More Quotes from David Shulman:
For example, 1970, 1974, 1982, 1990 and 2002 were recession years and 1966, 1986 and 1994 were associated with mid-cycle slowdowns.David Shulman
What's astounding is that we've got high growth without inflation, ... there is a level of labor market tightness that will generate wage inflation.
David Shulman
We got a green light last month when the Fed decided not to raise rates, then we got another green light when the bond market rallied last Friday, ... The balloon is still blowing up. I'm staying defensive. I still say the bubble is going to break. I just don't know when.
David Shulman
The lawsuit challenges the practice of the Minneapolis School District of using Abraham Lincoln High School as a warehouse for immigrant high school aged students. Students sat in mainstream classrooms for years, not understanding what was being said, or what was being taught.
David Shulman
Make no mistake. This is a soft landing. Typically, peak-to-trough declines amount to 50 percent.
David Shulman
It is no accident that some of the best years economically over the past 45 years have been the presidential years of 1964, 1968, 1972, 1984, 1988, 1996 and 2000. Even 2004 wasn't all that bad in the light of history.
David Shulman
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