Take It To The (Debt) Limit
RiskReversal Pod
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The Fed Can Be on Pause for the Next Year
The Fed can be on pause for the next year. It's not necessarily bullish because we're going to still see the effects of what they've done over the last year or so. Microsoft trades approximately 21 times next year's numbers, which is expensive in this environment. And one has to wonder if it's now this is the quarter where Microsoft guides on demand Dan. If you're a US multinational guy, you've been saying for a year that inflation readings, they're going to be pesky and persistent. These are going to be weighing on margins.
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