
Has the Economy Turned a Corner? (with Greg Ip)
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Market Optimism and Potential Risks
This chapter analyzes the consensus on Wall Street about a possible recession and the behavior of the S&P 500. It discusses the influence of a few stocks and excitement about artificial intelligence in driving the increase in the S&P 500. The chapter highlights the optimism of Wall Street despite potential risks and emphasizes the significance of the bond market and long-term interest rates in impacting the stock market.
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