Lower growth = calm yields = equity melt-up
Seven points of wisdom from the ultimate macro guru, Dom Wilson of GS:
1. We had more softness in the data, so that slowing in growth we’d been waiting for has finally become visible
Equities just need some stability (ie lower MOVE)
Duration
Source: Nomura
Glass half full on HF leverage
Source: GS Prime
Source: GS Prime
Lowest proportion in of positive EPS guidance tweaks since 1Q20
Source: Jefferies
Source: Jefferies
Sector revisions
Source: Jefferies
Worrying
Source: GBM
Excited about last week's move in rates?
Source: BofA quant
Will this chart tickle your contrarian fancy?
Source: Goldman
P/E for small back to ’12 levels
Source: Jefferies
