I'm somewhat still cautious of consensus downgrades from the impact of worse than expected results through this year. I'm not saying that applies to all companies, but we are yet to feel that unless the market has priced things bang on (which I doubt). Its not reflected in cons yet and so I think its still to come, at least partially.
I appreciate we are at an inflection point with a lot of key indicators (inflation, interest rates etc), but I do not feel confident enough that everyone is aware of the full impact of the impending recession and hence I don't think that market is pricing this in.
To my point. What's your view? I would love to hear it.
Tdlr: Basically the title
Submitted February 09, 2023 at 03:54AM by _____Apex_____ https://ift.tt/Tqu9glW
