Stock markets can often confound pedestrian analysis of macroeconomics, largely because stock prices are only focused on one dynamic in an economy - corporate profits - and corporate profits do have the ability to buck the macro trends via innovation, cost synergies, and human action.
Stock markets can often confound pedestrian analysis of macroeconomics, largely because stock prices are only focused on one dynamic in an economy - corporate profits - and corporate profits do have the ability to buck the macro trends via innovation, cost synergies, and human action.
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