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Single most important chart to understand this new tariff heavy, regulation heavy economy.
Need to get regulatory reform and tariffs removed to unlock the other 490 companies (and beyond) for everyone else to benefit.

8.8. klo 14.26
Important chart. S&P 490 has had basically no earnings growth since 2022, despite rampant inflation. It’s just 10 companies doing really well, while the broader economy is in contraction in real terms.

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