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U.S. stocks tend to struggle following peak earnings growth

Lagarde policy shift, China growth fears, and progress on tax deal. 

European Central Bank President Christine Lagarde, speaking to Bloomberg Television, said that the July 22 Governing Council meeting will include a revision of the bank’s forward guidance. She also said that she expects the current asset purchase program to run until “at least” March 2022. She said she’s only “guardedly optimistic” about the recovery prospects for the euro area with the delta variant of the coronavirus posing a threat to efforts to return to normal life.