Expect More Upside for Equities While the Economy Remains Buoyant

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US equities have come under pressure as interest rates have risen. However, this mini-correction is expected to be short-lived as long as the US economy continues to grow above trend. Tesla's recent headlines indicate that the stock market may continue to rise, despite the company's struggles. Tesla's stock has dropped over 40% year-to-date, but the prospect of the company flooding the market with cheaper electric vehicles has caused the stock to rise. This suggests that promises, hopes, and dreams still have a significant impact on the stock market.

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