Another sign
inflation is getting hotter: US retail sales rebounded by
more than forecast, climbed 3.8% in Jan, the biggest gain
since March, as Americans kept spending through a Covid-19
spike and hot inflation to help drive the economic recovery |
Gina Martin
Adams - I’m still more worried about the balance sheet than
rate hikes. Since 2010, changes in the balance sheet
explained nearly one-third of the move in the market's
multiple, and every 100-bp drop in the balance sheet could
shave 29 bps off the S&P 500's forward P/E |