this is how US equity will be priced - to duration matched forward level of US NGDP.  Currently the 7 year forward NGDP provides support for SP500 at 1800.  The term structure of NGDP growth for next 7 years on quarterly basis has never been worse.
https://t.co/uFnTBcPB8L https://t.co/m1uyJDbX0M