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Weekly Market Recap: Bounce! Did The Market Just Find Key Support? Is S&P 4350 Next?

Wealthion - Be Financially Resilient

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What's the Biggest Gap in Corporate Earnings?

If we get the recession that we think is going to happen and Powell's campaign of demand destruction works, I take from this chart sort of like look out below. If earnings fall by 20%, and prices don't move, you got a problem, right? Because prices are going to have to fall to compensate for a much lower level of earnings which will come during the recession. Right now, using gap earnings for the end of 2023, they're expecting $199 a share. That is not minimal when you look at a market that's still pricing at 21 times earnings right now.

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