Gristanti: The Bond Market Is Wrong

Christopher discusses the current state of equity markets, highlighting conflicting signals from the bond market and strong GDP growth. He emphasizes the importance of nominal earnings and predicts higher rates as the Fed tapers. Wage inflation is identified as a major threat, with pressures seen across various sectors. Despite rising wages, revenue growth is expected to remain strong, driven by inflation and economic recovery. Christopher sees investment opportunities in internet advertising, particularly in companies like Google and Facebook, which continue to grow significantly.

What factors does Christopher consider important for organizing his thought process in investing?

How does Christopher view the bond market in relation to the equity market?

What are the implications of nominal GDP growth on earnings according to Christopher?

What concerns does Christopher express regarding wage inflation?

What is Christopher's perspective on the future of internet advertising?