Sure, these are possible. My view above was about expectations. #1 and #2 are possible, although look less likely to me. There’s some truth to #3, but the net effect is still gap closing, and the slowing tends to be more earlier (when it is less impactful) than later.
Sure, these are possible. My view above was about expectations. #1 and #2 are possible, although look less likely to me. There’s some truth to #3, but the net effect is still gap closing, and the slowing tends to be more earlier (when it is less impactful) than later.