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A strong start to 2023 has lots of analysts wondering if they need to change their outlook for the year. The major U.S. stock indexes bottomed around October of 2022. It wouldn’t be much of a surprise that fund managers surveyed in November hit one of their highest levels of recession fears, according to Bank of America Global Fund manager surveys (in chart below). It also wouldn’t take much imagination to guess that they are a bit more optimistic now. In fact, the expectation for a recession in the next […]

“Friendship is unnecessary, like philosophy, like art…. It has no survival value; rather it is one of those things which give value to survival.” ― C.S. Lewis, The Four Loves This Sunday, somewhere between 100 and 250 million people will watch the Super Bowl live. And in the week of hype leading up to the game, about 100 million articles will be written about whether the Super Bowl winner can predict how the stock market will fare for the rest of the year. The authors will do some hand-waving about