PDF StanCERA Monthly Investment Performance Summary

According to Zacks, on a median basis, growth for both the current and next fiscal year is expected to be 12.9%. On a total earnings basis, the growth rates are more skewed to this year, at 15.1% versus 10.5% next year. Zacks states that, "by no means is a 10.5% year-over-year growth rate tantamount to predicting a near-term recession. ................
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