rates at this pace this fast as quickly and while you're seeing this massive destruction in demand Consumers closing their wallets what's happening people are flooding into the dollar which is up like 20% where Every 2% move higher in a dollar user results in a 1% decline or to headwind earnings through 20% the dollar so gonna add 10% hit earnings earnings if You're looking at the analyst, which is what I do Daniel does we look at this we look at earnings see they're not lowering. They're lowering. They're not lowering fast enough and That's why you're gonna see so many of these companies say you know We're removing guidance because you're gonna be able to get away with it FedEx Warren you're gonna see other companies Warren say we need to wait and see because we really don't believe That I mean our earnings just got destroyed We've seen demand come down for most companies throughout both sectors And yet we're watching the Fed tell us that they're gonna considerably raise rates further (23/33)