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Distance Makes The Heart Grow Fonder: Webcast Follow-Up

by Irene Tunkel, Chief Strategist  

Investors remain cautious about the US economy and still have significant cash that needs to be put to work which could extend the rally further. Earnings rebound later in the year will be supported by rising sales growth and surging earnings of the Magnificent Seven. A restocking cycle, and a pickup in freight activity support transports. Upgrade Transports to an overweight.

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