We're in a market that is clearly in a little short-term decision box. It's the debate whether core inflation remains low, which allows the Fed to stop raising rates, or whether core inflation is not able to be contained. We'll get a progression of data and numbers that will help resolve this somewhat, but until then, we're in the box.
Our concern we have about the economy is that the Federal Reserve may overdo tightening.
The story of the bull market has been very much a story of underperformance by mega-cap stocks.
With Wal-Mart, there was no bear market.
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