Falling Inflation & Your Money 7/12/23
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The Bar Is Still Low for Q2
Wells Fargo and that out today, saying the 8% S&P 500 returns since mid-May suggest EPS results and guidance will need to be exceptional. A Selvanoo's reaction seems more appropriate. Look, I do think that better than feared is probably still okay because the bar is still pretty low, right? If everything comes in as expected, we're sort of flat year over year from 2022 to 2023, but then 2024 is expected to be this new ramp up.
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