Those EU/UK growth forecasts with the earlier indication from China’s own are pretty concerning for the long term sustainability of earnings growth given that most US companies have global business account for 45% of revenue. Important because earnings are the only real catalyst holding up the market and valuations.
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Some of the talking heads are talking about zero earnings growth 2019. We are seeing sings of that in the forward guidance.
I just bought Hari Krishnan's book on Hedging - The Second leg Down. I will be reviewing hedging overall and adding in some of his thinking