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      "text": "Inventory to Sales for the median US company has been on the rise since the Financial Crisis and is now at the highest level since 1990.",
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      "text": "The problem with inventory is twofold - supply chains bottlenecks have cleared while demand, especially demand for goods, is slowing. Inventory to Sales for the median US company is at the highest level since 1990.",
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      "text": "Inflation and higher rates have been the dominate driver of asset markets and sector performance trends in 2022. For 2023 we think the emphasis shifts to lower inflation and slower growth.",
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