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The Case for a Soft Landing
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The Level of Beats This Quarter Was Normal, in Line With Historical Averages
While earnings were reasonably good in the quarter, the level of beats this quarter was well below the outsized beats that we saw over the last several quarters. I would say, looking out a little bit further, and not even a lot further tactically, but just over the next several months, i would say it's going to be the inflation data that drives markets.
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