The Experts Were Wrong [Again]

📈 📈 Traders predicted a recession in 2023 but guess what— till now there is no recession and the stock market is up 19%

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US Air Travel Surges

✈️ ✈️ Yesterday was the busiest day ever at airports in the US, with the TSA reporting 2,884,783 people were screened
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Asia’s Worst Performing Currency

🇵🇰 🇵🇰 The Pakistani rupee is set to end the year as Asia’s worst-performing currency and the losses are seen extending into 2024
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Zhongzhi Enterprise—$56B May Be Lost

🇨🇳 🇨🇳 As China’s embattled shadow banking giant Zhongzhi Enterprise Group Co. faces a criminal probe, lawyers and analysts are assessing the damage to investors. One estimate puts that at about $56 billion
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Dividend ETFs Left In The Dust

🚨 🚨 The largest dividend ETFs have been left behind by a tech-obsessed market whose biggest proxies have surged 15% or more. At the bottom of the leader board is the $18 billion iShares Select Dividend ETF (ticker DVY), down 5.4% on a total return basis after all-in bets on utilities and financial stocks fizzled
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60% Probability Of Rate Cuts In May 2024

💰 💰 Interest-rate futures indicated last week a roughly 60% chance the #Fed will lower rates by a quarter-of-a-percentage point by its May 2024 policy meeting, up from 29% at the end of October, according to CMEGroup data. The same data has pointed to four cuts by the end of the year
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Dollar Drops For Fourth Day

💵 💵 The greenback fell for a fourth day and headed for its worst month since November last year as traders turned more optimistic about the likelihood of Fed rate cuts
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US New Homes Price Down 18%

🏠 🏠 The median price of a new home sold in the US is now down 18% from its peak in October 2022. After the housing bubble in the 2000s the median new home price fell 22% nationally
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Short-Seller Targets China’s SenseTime

🇨🇳 🇨🇳 BREAKING: SenseTime Group Inc. shares plummeted after short-seller Grizzly Research released a critical report on the company’s core AI business
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GSK’s Blenrep Actually Works

🩸 🩸 GSK Plc said its antibody drug Blenrep, which had its US clearance revoked last year, helped patients live longer without their blood cancer worsening in a late-stage study
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