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Q1 next year going to be bad. China easing Covid restrictions is going to cause infection and reduced output and consumption by them in Q1. The same thing that most of the rest of the world experienced a year ago. People are going to book loses early Q1 as well. Add to that the likely scenario that the consumer is weak in Q4 holiday season and it could be a trifecta of bad news.
Short term bearish, long term bullish
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