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Car Market Did Something It Hasn’t Done In 8 Months: Pay Attention This Friday

New car inventories have risen for the eighth consecutive month, which could indicate a shift in the auto market. This Friday, the Manheim Index — the premier indicator of pricing trends in the used vehicle market — will release the latest update of its Used Vehicle Value Index. This data could further impact car prices and deals.

ABG

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Recession Playbook In Action: Cooling Labor Market Triggers Rally In Treasuries, Gold; Stocks Decline

Recent economic data has prompted investors to hedge against the rising likelihood of a recession.  In February 2023, there were 9.9 million job openings, which was the lowest level since May 2021 and below market estimates of 10.4 million, suggesting that the labor market may have begun to weaken. 

$XLM

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‘China’s New Tech Weapon: Dragging Its Feet On Global Merger Approvals; Officials Of Beijing Regulator Ask Some Firms To Make Available Products They Sell Elsewhere’ – WSJ

https://www.wsj.com/articles/chinas-new-tech-weapon-dragging-its-feet-on-global-merger-approvals-d653ca4a The U.S. encouraged China to set up a robust antitrust regime. Now, Beijing is holding back its required green

EWT

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US Stocks Set To Open Higher Today On Strong Momentum: Analyst Says Next Fed Rate Decision Could Be ‘Near-Tossup’

Trading in the index futures suggests stocks may get off to a modestly positive start on Tuesday after an upbeat close in the previous session. The recent soft data point to a potential pause by the Federal Reserve and this should encourage traders to stay invested, and the lack of any first-tier economic data could rule out volatility.

AMC

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‘Israel’s Netanyahu Delays Defense Minister’s Dismissal; Yoav Gallant Was Fired After He Called For A Delay To The Government’s Controversial Judicial Overhaul Plan’ – WSJ

https://www.wsj.com/articles/israels-netanyahu-delays-defense-ministers-dismissal-644b0cf0 Israeli Prime Minister Benjamin Netanyahu has temporarily suspended his decision to fire Defense Minister Yoav Gallant

EIS

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Nasdaq, S&P 500 Futures Down As Caution Clouds Traders’ View — But Analyst Suggests April Might Not Be Glum

Caution is writ all over the face of the market ahead of the start of a new trading week. Traders may prefer to move to the sidelines wary of recent gains, which have pushed the averages past the neutral zone and toward the oversold territory.

ADP