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‘Character’ of this week’s stock-market rally is driven by Trump trades, Strategas CEO says

admin by admin
July 17, 2024
in Business
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‘Character’ of this week’s stock-market rally is driven by Trump trades, Strategas CEO says
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Traders are tracking prediction markets that have shown an increase this week in former President Donald Trump’s chances of victory in the November election, Strategas Securities’ Jason Trennert said Wednesday.



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BREAKING: OpenAI whistleblower Suchir Balaji has been found dead at age 26 in his San Francisco apartment.

Prior to his death, Balaji publicly accused OpenAI of violating US copyright law with ChatGPT.

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BREAKING: MicroStrategy, $MSTR, is joining the Nasdaq 100 index.

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This is wild:

US Federal government spending hit a whopping $669 BILLION in November.

As a result, the 6-month average of government expenditures rose to ~$600 billion, near the highest since 2020-2021 when the most aggressive economic stimulus in history was conducted.

At the…

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The labor market is cracking:

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Job postings have dropped for nearly 3 years straight and are now down 49% since the February 2022 peak.

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