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Will there be growth in the spring?
Watching the action of the markets over the past few months reminds me of the famous line from the movie Being There, where Peter Sellers, a simple gardener, gets catapulted up to a potential presidential nomination by a series of ‘movie-only circumstances.’ His most incorrectly interpreted prognostication was that ‘there will be growth in the spring.’ His gardening outlook was mistaken for an economic forecast. Stocks also struggled more in the latter part of March as investors continued to worry about whether there will indeed be better ‘growth in the spring’ after the most severe winter weather in over 30 years routinely closed businesses, cancelled trips and slowed down overall growth. While the ‘weather’ issue is being viewed skeptically by many as an ‘excuse’ for companies not meeting expectations, there was clearly an impact on the economic numbers in North America.
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