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Buy the Rumor, Sell the News

Simon discusses how, after the largest 12-month rally since 1950, investors should be prepared for a sideways, transitional period. A number of indicators suggest that the markets need a breather. There are also more fundamental concerns, such as the potential for higher inflation and taxes that should temper enthusiasm, although the base case is still positive. Simon also highlights the recent earnings reports from DHR, JPM, and T.


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