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Recency Bias And Comparisons With The 2001 Cycle

by Arthur Budaghyan, Chief EM/China Strategist  

Bulls and bears are perplexed because they suffer from recency bias. The investment roadmap and framework of the past 15 to 20 years should not be used to analyze current US financial markets. US corporate earnings will likely plunge substantially even in the case of a mild recession.

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