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Jim, what do you make about this rotation we've seen out of some higher growth areas, most notably software, into, I don't know, more value parts of the market, maybe even the small and mid-caps?
That spooked a lot of folks who thought software and tech broadly was a good place to be.
Jim, this is a pretty eventful week for the Federal Reserve.
Lots of data.
It's a data rich week.
And I guess the takeaway is, boy, we've got a pretty solid labor market.
We saw that on Wednesday.
And now we've got an inflation environment that continues to be pretty reasonable out there.
Boy, the Fed could go either way here.
They could sit on their hands or they could cut rates.
How do you think they're going to interpret this week's data?
It's that bad.
And then he says, I got to go out to California to California.
Was he smart?
And I'm Paul Sweeney, inviting you to join us for the Bloomberg Intelligence Podcast.
Now, I helped to build Bloomberg Intelligence to what it is today, Scarlett, and now our analysts are the best in the world, covering more than 2,000 global companies.