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2023 Mid-Year Market Outlook

Financial Decoder

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The US Economy's Strong Labor Market Could Be on the Rise

Many communications on earnings calls and shareholder presentations reveal a rising trend that I'm tracking of mentions of job cuts. This weakness in manufacturing job growth could begin to spread into services industries in the second half of the year. Also, corporate cash flow has been declining based on business bank deposits in Europe,. And lending conditions may also contribute to the weaker jobs outlook.

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