Q: What Drives Market Performance?
A: #Sequencing #Factors 

$SPX + $RUT: YTD &amp; YoY Return Decompositions by CS's eq strat

1) run granular risk factor decomp
2) cut discount rate, again
3) extend RFR, REER duration
4) #WhatsYourMultipleBro
5) RP profits!

https://t.co/MaXgTwwmnH https://t.co/bycxFpHbaF