Jill Malandrino Discusses Catalysts Driving Consumer Spending

Jill Malandrino says as inflation pressures and interest rates rise, equity multiples begin to compress as companies must grow earnings faster to offset rising costs of capital. Jill suggests consumer demand should make it easy for corporations to pass on end inflation, but corporate tax increases are another concern for profits. Estimates by Goldman Sachs state that a tax increase could shave 9% off 2022 S&P earnings per share.