The Rising Influence of Rising Affluence

[DewDiligence]

As long as spending has moved away from tech, especially semis, and interest rates are moving northward, the economy is a mixed bag and I don't expect a robust rebound.

I don’t disagree with that. What I’m saying is that CAT’s robust outlook is one data point indicating that we may not be heading into the moderate-to-severe recession that some are expecting.