Market Is Definitely Back

🚨 🚨 US equities just experienced the largest inflows since February of 2022, per BofA
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PwC: China GDP May Grow 5.5%

🇨🇳 🇨🇳 Zhao Guangbin, a senior economist at PwC China predicts that China’s #GDP growth will approach 5.5% in 2023, primarily driven by increased consumer spending
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Rich Are Getting Richer

🇺🇸 🇺🇸 The bottom 50% now make up less than 13% of US national income. The rich get richer, and the poor get poorer
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US Households Still Have Savings

🇺🇸 🇺🇸 US households still have an estimated $433 billion in excess savings remaining from the 2020-21 stimulus programs
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DXY: Biggest Monthly Decline

🚨 🚨 U.S. Dollar Index $DXY on track for its biggest monthly decline in 12 months
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Foreigners Start Buying Indian Stocks

🇮🇳 🇮🇳 Foreign Portfolio Investors (FPIs) have bought ₹378 crore worth of Indian equities and the total inflow stands at ₹13,673 crore as of November 24, taking into account debt, hybrid, debt-VRR, and equities. Chart: Nifty 50 Weekly
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Eni Is Undervalued

🇮🇹 🇮🇹 With a fwd PE of 6.7 and a fwd EV/EBITDA of 3, Italy’s oil and gas producer Eni trades at a steep discount to its North-American and European peers
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Amazon: Read The Fine Print

📦 📦 Amazon’s operating profit increased 146% in the first nine months of 2023. The operating margin, as a result, is now at 5.9%, more than double from 2.6% during 9M 2022
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