Mainly the economy sucks, but the Fed’s Beige Book of anecdotal economic indicators from around the country shows some slight improvement — in the second derivative. In other words, the rate of worsening in the economy isn’t bad as it was last quarter when things were going to hell in a handbasket.
On CNBC, they’re saying some stuff about green shoots and whether they’re already priced in.
We have no idea what that means.
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