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12 Things Everyone Got Wrong About Inflation
The Compound and Friends
Morgan Stanley's View on the Consumer
The market is telling you that investors are not willing to hold out for the old highs, and a lot of big companies are back at old highs. That's just market psychology, but that would be what I would watch for. All businesses from Moynihan, all businesses perform well. We still improve market shares, particularly in sales. Our customer spending pattern is now more consistent with the pre-pandemic, lower growth, lower inflation environment.
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