Surveillance: Goldilocks Scenario with Levine
Bloomberg Surveillance
00:00
Are We Too Optimistic About Earnings Season?
The real pain in this market, as terrible as the first five and a half months were, werwewere the accounts that were were defensively positioned starting in mid june. The fall in gas prices is really something very interesting. If you're putting lower gas prices on top of an economy where workers are getting five point five % wage increases, you do see that there's more spending power there. Looking forward, though, are we too optimistic about the trajectory of earnings through the back half of the year?
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