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September 29, 2021

Market signals over the last month suggest that investors are discounting a reacceleration in economic growth in the coming months.

In a prior post in August, we mentioned that economic data was being heavily influenced by the large swings up and down caused by the slowdown in response to the pandemic and then the rebound in activity as mobility and activity restarted.  Until the economic data returns to more normalized comparison sets, we noted that...
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