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“What they forecast is ‘pretty representative of how the economy is doing,’ said King Lip, chief strategist at Baker Avenue Asset Management in San Francisco. ‘If Microsoft comes in and says things are ok, if Google says things are ok, then that represents a significant weight in not just market cap but the overall economy.’”

Reuters RPT - Europen Markets, July 26, 2022: Nascent U.S. stock rally hangs in balance as Wall St awaits megacap earnings

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