Surveillance: S&P Targets with Chadha
Bloomberg Surveillance
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The Recession Slowdown Could Be the Start of a Bull Market
S&P 500 earnings in Q1 on a seasonally adjusted basis is a solid 5%. And I would emphasize that's not annualized. Recessions, in my view, in terms of their impact on financial markets are not really about two quarters of negative growth. The market's meant to look through that. It gets pretty choppy from here because the positioning squeeze has mostly basically been done.
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