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Bloomberg Wall Street Week - May 12th, 2023
Wall Street Week
The US Equity Markets Can't Get Too Far Away From Earnings
The so-called ex-day when the government runs out of money is just over two weeks away now. With the default, something most everyone agrees would be a catastrophe. Seven out of 11 sectors that are already equal in a profits recession. We have seen this movie before. The debt ceiling taken hostage for spending cuts a number of times over the past couple of decades. Investors would rather hope that history doesn't repeat or rhyme.
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