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Bloomberg Wall Street Week April 21st, 2023
Wall Street Week
The Risks of a Profit Recession in the Equity Market
The equity market, under the surface, there hasn't been a defensive rotation. We're trying to figure out if earnings are sustainable and interest rates go up after this flight to safety. There's too much euphoria over China, do you agree? I don't think it's going to stop the profit recession that we expected the S&P.
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