Monday Macro – Inflation does subside, ESG over crowding, men, expensive US vs the world

Why markets in the US are still expensive but at least earnings growth estimates are getting more realistic, Plus what happened to all the 30 something men and avoiding ESG crowded trades

Hartnett on inflation and equities

Michael Hartnett, the chief investment strategist at Bank of America, has created a war inflation chart, reports Marketwatch. It’s a simple index of Brent crude oil BRN00, 2.45%, European natural gas and wheat W00, 1.58% prices — the three commodities mostly clearly tied to the direction of the conflict.

“Hartnett, who’s…