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Bear market rally… until rate hikes start to kick in

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Blowing away earnings estimates that have been dialed back considerably, so they “should” get over these significantly lower hurdles.

likesmart

Thank goodness

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Love a little bear market rally. I doubt it will last though

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Expectations games are funny.

Earnings are down 3-4% vs Q2 and forward guidance is trending lower. We also ended Friday at fairly oversold levels. Given the intraday reversal I think we’ve seen what this bounce has to offer.

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Um not the companies that reported last week.

Short covers.

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