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Fritz has an optimistic viewpoint on the current bear market and ultimate recovery and draws on various other experts such as Ed Yardeni and others to make the case that the Fed may very well engineer a "soft landing". While I remain skeptical personally of this outcome, it is very important to understand and weigh the competing views and Fritz does a nice job of presenting the facts and evidence as opposed to simply throwing out predictions. The data presented here today is very helpful as it always is.