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Morning Notes — Headwinds?


June 1, 2021

Potential headwinds include: 1) the Fed’s tapering conversation could become an equity headwind if expectations shift forward (consensus looking for a November start). Markets will pay close attention to the June 16 FOMC policy announcement for clues; 2) US infrastructure talks moving back to a partisan/reconciliation track could increase tax hike headline risk and; 3) the CQ2 earnings season (kicks off mid-July) could include increased talk of margin headwinds.  

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