iCapital's Amoroso on Markets, Strategy

The video discusses the current challenges in the market, highlighting a negative feedback loop affecting valuations and the US economy. It examines the impact of rising commodity prices and inflation on earnings and GDP growth estimates, leading to potential downgrades. The discussion also covers the technical aspects of the market, noting the difficulty in finding a bottom. Concerns about the US consumer's strength amid soaring energy costs and the potential for a recession are also addressed, emphasizing the need for further capitulation in fund flows before a market recovery.

What is the significance of earnings revisions in the current economic context?

What indicators does the speaker mention that reflect the strength of the US consumer?