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TME Daily: In what macro backdrop will stocks work?

Will seasonality work next month?

66% of the time November has positive returns averaging 1.44% since 1945.

Source: Morningstar

The Enormous Eight

Tech earnings outperformance

Source: Datastream

Margins

Source: BofA Quant

Bullish! Never bet against America

Source: Bilello

In what macro backdrop will stocks work?

Higher hurdle rates could pressure buybacks

Source: BofA Quant