As the curtain closed on a week chock full of underwhelming earnings and lowered guidance, indices continued their descent with the S&P posting an 82% down day today. An in-line PCE report offered early encouragement with core PCE lower MoM though robust consumer spending suggests no significant slowdown in GDP growth, reinforcing the prospect of sticky inflation (3-4%) through next year and sending equities further into the red. 146 S&P 500 companies reported this week, and today more than two…
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