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Recession Not Required (EP.317)

Animal Spirits Podcast

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The Bear Market Coming to an End Without a Fed Put

The Fed is still raising rates. The stock market came back from bear market without a Fed put. Wall Street analysts think companies in the S&P 500 will see earnings per share rise just 1% in 2023 compared with 2022. In other words, share prices are outpacing puny expectations for profit growth.

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