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Get ready for an ugly earnings season
Wall Street Unplugged - What's Really Moving These Markets
Is the FedEx Removing Guidance?
FedEx removed guidance. Pepsi reports solid numbers and it makes sense, right? You're going to see some of these consumer staples that are doing okay trading at 23 times forward earnings. This is a headwind with the Fed constantly raising rates. It's like your climate, you get up there and they punch in the face and fall down. And you might have to take out of control now because I say the Fed is coming up next.
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