• The NFL Draft always has some interesting surprises, but this year’s draft could have a whopper of a surprise.  (However, if it’s the huge one we’re hoping for, it will have to come in the first round.)
  • Meta’s disappointing guidance raises the odds that this earnings season will not create the kind of increase in earnings expectations for 2024 & 2025 that is needed to help the stock market rally further from its current (expensive) level.  In fact, it raises the odds that a full-blown correction will take place before the market bottoms. 


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