“One day everything will be well, that is our hope. Everything’s fine today, that is our illusion.”
-Voltaire
The Through Line: Markets bounded higher this week, dragging investor anxiety along thanks to the many unresolved global issues. However, results from the nearly finished earnings reporting season show robust and widespread strength, helping justify the upmove; valuations are actually lower now than they were a year ago. We delve into the details and what they imply for the rest of the year.
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