Best of Bloomberg Intelligence (11/18/2022)

The video discusses the challenging earnings season with low beat rates and high misses, leading to market expectations of a recession in 2023. Despite this, the market is up due to prior recession pricing and bond market signals. Rising interest rates have affected stock valuations, particularly in tech and innovation sectors. The video also analyzes the impact on communication services and consumer discretionary sectors.

What is the significance of the 'embedded expectation' mentioned in relation to long-dated cash flow companies?

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How does the current valuation of the S&P 500 compare to the two-year treasury yield?

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What challenges are faced by the communication services sector as discussed in the text?

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