EPS Estimates Too High For A Recession & Where Inflation Is Going

EPS estimates are too high to account for a potential recession, even if it's mild, says Eric Sterner. He talks about how the markets continue choppy session after the latest CPI print. He also discusses the takeaways from today's inflation data, highlighting the Consumer Price Index for December 2022. He notes that inflation is going in the right direction, but he doesn't see the Fed cutting rates anytime soon. He then goes over managing risks in an inflationary market. He says that investors should maintain equity exposure, and only add risk once inflation is down. Tune in to find out more about the stock market today.