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White House: Stock market plunge is not as 'meaningful' as business activity

The White House on Monday downplayed the weeks long stock market sell-off, insisting that recent moves by business leaders suggest a brighter outlook for the U.S. economy."We're seeing a strong divergence between animal spirits of the stock market and what we're actually seeing unfold from businesses and business leaders," a White House official told reporters Monday afternoon. "The latter is obviously more meaningful than the former on what's in store for the economy in the medium to long term,...

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