Daveth3trad3r
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In July 2024, the US annual inflation rate continued its downward trend for the fourth month in a row, reaching 2.9% — a level not seen since March 2021 and a slight decrease from June's 3%. Month-over-month, the CPI saw a 0.2% increase, aligning with predictions. This rise was primarily driven by the shelter index, which went up by 0.4% and contributed to nearly 90% of the overall monthly increase in inflation.
Core inflation, which excludes vo...
Core inflation, which excludes vo...
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Daveth3trad3r
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The US stock market suffered a panic-driven sell-off on Wednesday, with the $Nasdaq Composite Index (.IXIC.US)$ plunging 3.6% and the $S&P 500 Index (.SPX.US)$ falling 2.3%, both marking the largest decline in one year and a half. Magnificent Seven suffered significant losses, with $Tesla (TSLA.US)$falling by over 12% and $NVIDIA (NVDA.US)$dropping nearly 7%. Even $Russell 2000 Index (.RUT.US)$, which had performed well l...
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Daveth3trad3r
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Despite a recent pullback, the $S&P 500 Index (.SPX.US)$, propelled by tech stocks, has risen over 15% so far this year. However, the stock market is flashing warning signs that the tech stock frenzy is about to end, according to one of Wall Street's most bearish analysts.
Albert Edwards, the chief global strategist for Societe Generale, issued another warning about the blistering 2024 stock rally in a note on Thursday...
Albert Edwards, the chief global strategist for Societe Generale, issued another warning about the blistering 2024 stock rally in a note on Thursday...
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Daveth3trad3r N8TIV3 : Trump left us a horrible economy the Biden administration has been trying to clean it up.