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“43% of the jump in EPS between 2017 and 2018 stemmed directly from the lower tax rate”.

November 27, 2019 5:30 pm by IWB

"43% of the jump in EPS between 2017 and 2018 stemmed directly from the lower tax rate". https://t.co/aKstWlafd1

— Sven Henrich (@NorthmanTrader) November 26, 2019

A lot of guys long stocks hate hearing it’s driven by Fed liquidity. Why? That means you’re not a terrific stock picker? Or you’re not smart?
This is THE critical cycle risk.
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