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JPM’s Lebovitz States Market Could Be ‘Excessively Cynical’ about Earnings Outlook

David Lebovitz, a market strategist at JPMorgan Asset Management, suggests that the market’s anticipation of a significant drop in US corporate profits fails to consider the impact of inflation on profit margins. “There could be an excess of negativity, overlooking how inflation can boost revenues,” he commented on “Bloomberg Surveillance.”

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