Morgan Stanley Expects a Shock 16% US Profit Drop to Kill Rally

I don't see a post of this caliber of quality (low) doing well on HackerNews (for good reason)

It's nothing more than a speculative piece. It's hard to have any substance on this topic (broad generalizations/speculation about the direction of the U.S. economy and/or the stock market's reaction to it/its estimated future)

I love the topic personally. Once you have a decent chunk of your net worth exposed to equities, it can be very intoxicating when the market rallies and you make $10k-$100k (1-2%) a day for "doing nothing".

People who bought the dip at S&P 3500-3600 are probably very happy right now. Yes, we're down from all time highs of 4800 still. But all of the "I'm happy with 5% bond yield" talk kind of becomes moot when the market is up ~13% year to date.

This reeks of "Morgan Stanley VP's angry that it costs more to lease their Chris Craft, therefore we must tank the economy".

The plain fact remains that corporations are price gouging the shit out of people right now, which is the primary driver of our current inflation, and people have rightfully responded with pulling back their spending.