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They took their GDP estimate up appreciably from 1.5% to 2.1 percent. So they're not even calling for a soft landing, they're calling for a cushy landing. If you are not going into recession and there are rate cuts coming, then the S&P historically has continued to rise. If rate cuts signal that you're actually going into recession, then the markets typically don't like that.
Video Length: 00:04:49
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