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Oil, Banks, ECB, Consumers, and Ned Lamont (Podcast)

Bloomberg Intelligence

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The S&P 500's Earnings Recession

I think the bear case would be, I think the operative words in Powell's presser yesterday were people are suffering. And so if you look at the Fed's mandates, clearly full employment or inflation, we're fully employed. The issue there is that baked into that consensus is 9% year-of-year growth for Q4. It just seems a little unrealistic. As far as especially when it comes to margins, Gina Martin Adams was saying some of the pain may have already been passed and potentially troffing in that first quarter moving forward.

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