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Beware of Wall Street's Groundhog Predictions

David Lau
February 2, 2023
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When the famous groundhog is pulled from his burrow today to drop his meteorological insight on the waiting world, a lot of good-natured banter will follow. The assembled press corps’ live reports from Punxsutawney, PA, will be appropriately accompanied by knowing winks into the cameras. Phil’s forecast is appreciated as a bit of inconsequential fun; nobody takes it too seriously. Unfortunately, that’s not the case on Wall Street.

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