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Market to Focus on SPX Growth after 4Q19 EPS Season

- Don’t Fear 4Q19 SPX EPS decline; market has already discounted it looking to 2020

- Preliminary U.S.-China trade deal, fading impeachment should ease 2019 headwinds

- Expectations of 10%+ SPX growth should propel markets higher

This time 12 months ago, “earnings recession” fears were in full bloom among U.S. investors.  Well, the recession came but the market ignored it and looked ahead, hence the nearly 30% rise in the Standard & Poor’s 500 index (SPX) in 2019. Indeed, depending...

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