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2 minute read

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

By Piero Cingari
April 4, 11:41 AM
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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5 minute read

‘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

By Happy Mohamed
April 4, 10:26 AM
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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3 minute read

‘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

By Happy Mohamed
April 3, 3:29 PM
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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3 minute read

Five Economists React to Core PCE Numbers: What Will The Fed Do Next?

By Piero Cingari
March 31, 1:26 PM
Core PCE inflation, the Federal Reserve's preferred gauge of inflation, rose by 4.6% year on year in February 2023, the lowest rate in 15 months and below market expectations of a rise 4.7%. Core PCE prices rose by 0.3% month over month, following a 0.5% surge in January and falling short of market expectations of 0.4%.

TLT

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2 minute read

University Of Michigan Revises Consumer Confidence Index Lower For March; Long-Term Inflation Expectations Remain High

By Piero Cingari
March 31, 10:41 AM
The University of Michigan Consumer Confidence Index was revised downward from an original estimate of 63.2 to 62 points in March on Friday — down by 5 points or 8.8% from February. One broad takeaway: Sentiment among U.S.

SPY

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5 minute read

‘Elon Musk Tried To Meet With F.T.C. Chair About Twitter, But Was Rebuffed; Mr. Musk Requested A Meeting With Lina Khan, The Chair Of The F.T.C., Which Has Been Investigating Twitter’s Privacy And Data Practices.’ – NYT

By Happy Mohamed
March 30, 3:40 PM
https://www.nytimes.com/2023/03/30/technology/elon-musk-ftc-chair.html#:~:text=Meet%20With%20F.T.C.-,Chair%20About%20Twitter%2C%20but%20Was%20Rebuffed,Twitter's%20privacy%20and%20data%20practices. Elon Musk tried

SPY

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2 minute read

US Home Prices Drop For 7th Consecutive Month; Real Estate Stocks Hit Lowest Levels Since October 2022

By Piero Cingari
March 28, 11:10 AM
The value of residential real estate in 20 major U.S. metropolitan cities, as measured by the S&P CoreLogic Case-Shiller Home Price Index, continues its downward trend and recorded an average decline of 0.6% in January, marking the seventh consecutive month of losses.

BXP