EVENTS:   Best Equity Short Ideas Conference Call 12 - Zach Shannon/Corto Capital Advisors & Craig Huber/Huber Research Partners & Thomas Beevers /Forensic Alpha & Ed Steele/Iron Blue Financials & Bill Campbell/Paragon Intel - 12 Nov 25   Will AI Deflate the World? Macro Lessons from Three Industrial Revolutions and China - Manoj Pradhan/Talking Heads Macro - 13 Nov 25     ROADSHOWS: Forest Products Sector Equity and Commodity Research With Expertise in Distressed Debt - Kevin Mason /ERA Research   •   London   12 - 14 Nov 25       Buyside to Buyside Forum and Expert Calls across TMT, Consumer, Healthcare and Fintech - Andrew Peters /Revelare Partners   •   London   17 - 19 Nov 25       Fundamental US Healthcare Short Ideas - Dr Elliot Favus /Favus Institutional Research   •   London   17 - 19 Nov 25      

No Boom, No Bust, Slowing Inflation, Rising Interest Rates and Range-Bound S&P500

Benderly Economic Insights

Wed 25 May 2022 - 15:00 BST

Topics

Economic growth/employment/wage interactions buffer economy from recession

An unprecedented safety net for growth - $3-4 trillion of extra or excess deposits

Inflation still mostly driven by pandemic idiosyncrasies, commodities and supply-chain disruptions

Commodity-based inflation boosts S&P500 sales, earnings and margins

Slower economic growth but no recession in 2022

Recession could occur in 2023 or 2024, but a recession is not inevitable

Slowing inflation

Very strong S&P500 sales and earnings, margins will stay high, operating EPS to $275-$300

Interest rates too low unless inflation slows back to 2%