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Lisa Abramowicz, journalist and co-host on Bloomberg TV/Radio, highlights that the breadth of companies beating expectations reached record highs in the second quarter in both the U.S. and Japan.
Abramowicz cites Deutsche Bank research, noting that despite low expectations, Q2 saw the strongest non-pandemic year-over-year global earnings expansion on record.
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Abramowicz has previously drawn attention to U.S. labor market trends, noting that workforce participation is at a five-year low. She has also highlighted that U.S. financial conditions are at their most accommodative since the 1990s. These factors have contributed to ongoing debates about the health of the U.S. economy.