Kantro

5% is no good, but maybe we capture those strong equity returns when the 10yr has a 10-handle. We need a tightening of analysis more than financial conditions. https://t.co/bjlWxOMT1b

I keep hearing folks ask "when will equities care about higher interest rates?" They are already discounting today's levels - S&P 500 P/Es have compressed by over 3 points since Q4/25 as rates, oil and the Fed's hawkish tone have all increased. Multiples will likely continue to decline until rates & oil stop rising.

I keep hearing folks ask "when will equities care about higher interest rates?" They are already discounting today's levels - S&P 500 P/Es have compressed by over 3 points since Q4/25 as rates, oil and the Fed's hawkish tone have all increased. Multiples will likely continue to decline until rates & oil stop rising.

As most know, valuation is a horrible timing tool. Instead of waiting for a specific level, understand why valuations are rising/falling and whether that force will continue to lift/weigh on valuations. This year, I believe P/Es are largely down from 2 forces: 1) declining Mag 7 FCF; and 2) rising interest rates.

One of the most important macro charts right now - inflation and labor surprises leading the tone of “Fed Speak.” I’m in the hold for longer camp and believe we’ve seen the peak in Fed hawkishness. https://t.co/xMKMvCaZlo

Joining @cnbc around 10:10am ET. Slap the current 20x on 2027 EPS estimates ($405) and we end the year at 8100. Whether the Fed hikes could add or subtract 1 P/E point (~400 SPX pts) to that view. I am in the “holder for longer” camp. 📈🐂 https://t.co/rOhs1Qvfs7

The economy is hardly “struggling.” Cyclical macro data is the strongest and broadest we’ve seen since 2021. And earnings are 🚀. Are we looking at the same economy? https://t.co/1q4BrwNy9o https://t.co/MtsVHtyEEX

Strait of Hormuz opening will lower odds of Fed raising rates this year: Piper Sandler's Kantrowitz https://t.co/frOuRJvzw3

We’ve been trying to beat inflation for decades. #WIN https://t.co/6j4bRJhxU8

While the equal weighted S&P 500 sits at an all-time high, many Tech stocks are sharply of their recent highs by 50,40,30 percent. Concentration is a two-way risk street! Analysts price targets remain sticky thus far. https://t.co/nIkFbXpldE