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Slow, Steady Earnings Growth to Move Market Higher: Analyst

Stuart Freeman, chief equity strategist for A.G. Edwards, told CNBC’s “Squawk Box” that he believes slow, steady earnings growth will move the market higher.

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“We think inflation is going to soften as we move through the end of the year,” Freeman said Tuesday. “That should be a little bit better for the long bond, or at least keep it at this level. As long as the earnings growth is there, even if it’s slow...we’re looking for 6% for this year."

Freeman expects the market to hit "higher highs" in the "fall and later in the year.”

He expects the gross domestic product growth of about 2.2% at the end of the year. Then, GDP growth will slow to about 1.8% in the first quarter or 2008, he said.