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JPM’s Lebovitz Says Market May Be ‘Overly Pessimistic’ on Earnings

David Lebovitz, global market strategist at JPMorgan Asset Management, says predictions for a steep decline in US corporate earnings are discounting the impact of inflation on margins. “People may be overly pessimistic, not recognizing what inflation does for revenues,” he says on “Bloomberg Surveillance.”

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Credit: YouTube/Bloomberg Markets and Finance

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