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6min chapter
Get ready for an ugly earnings season
Wall Street Unplugged - What's Really Moving These Markets
A-Man, Apply Materials, Is Up 25%?
Companies like Coca-Cola, Pepsi and AMD have lowered their earnings expectations by 25%. Earnings are coming down for everything that you see because no one's buying homes. This isn't the time of sugarcoat; it's been trying to sugarcoat. We're seeing this market free up. It's more free than it's ever been post COVID. So they can't play the supply chains. If they blame the supply chains on their earnings, you should show them right away.
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