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Of course todays numbers were strong, what else did we expect? This was
99! Remember the Q4 stock market euphoria?
I venture to think these are the peak growth numbers, from here on they
should cool of. However for inflation, of course this will keep feeding
through, I suppose. So the next numbers might be further inflationary
but less growth. Not what the Fed ordered. Maybe after we'll have a 50bp
hike now, as time is running out to do something significant before
elections get into full speed.
thinking out loud
Gwenn
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