10yr inflection point

The 10year is confused! will 2023 be bullish or bearish for earnings? We won't know until probably Q1 earnings, so until then markets will be volatile. If 10Yr heads to 5% you can bet earnings will continue to go higher, and S&P will become cheaper even at around 4000. if 10yr sells off and heads to 1.5% means the fed are cutting rates and earnings are dropping like a lead balloon. Regardless of the fed cutting rates, S&P will become expensive and will need to correct or crash!

I have no idea, either way, the crash comes now, or after the 10yr hits 5%, but the earnings crash is coming...laying off people isn't an option, it creates a crash....

ps every single recessionary metric is screaming recession....