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So far, so good. But its tepid recovery is showing signs of vibrancy. While more needs to be done to nurture a sustainable recovery, we see attractive opportunities. With high prospects for a divided Congress, markets are digesting low odds of a tax increase, lower interest rates, and more questions around the timing and size of fiscal stimulus. Investors should focus on the economic and earnings recoveries, and expect some volatility as we await the official result.
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