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We Have Lost All Sense of Decorum
The Compound and Friends
The S&P 500 and the Bear Market
The bear market in the dark blue as it comes down. This is well, the reported earnings in light blue were still on their way up. But you can see in the second half of 2022 where the forward 12 months worth of earnings are starting to come down. So the market peak before earnings did end at bottom before. You also have five or six months of cooling inflation. This is when people start to really feel good that the inflation battle could be- It's the inflation peak.
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