Malaysia: Muhyidddin Changes His Mind

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🇲🇾 🇲🇾 Malaysian opposition leader Muhyiddin Yassin said he will stand in elections for his party’s presidency in upcoming internal polls, reversing a decision he made the previous day to step down from the role
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CHF Traders Take Note

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🇨🇭 🇨🇭 CHF Traders Take Note: The Swiss National Bank is evaluating whether to raise banks’ minimum reserve requirements, President Thomas Jordan told Neue Zuercher Zeitung
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Disney: It’s About Time

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🐭 🐭 Walt Disney #DIS is now up more than 19% over the last month
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PCE Data On Thursday

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🇺🇸 🇺🇸 The Federal Reserve’s preferred inflation measure will be published on Thursday, with the personal consumption expenditures price index seen rising 3.1% in October from a year ago. The core measure, which excludes food and fuel and is considered a better gauge of underlying inflation, is expected to have climbed 3.5%

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Tesla Model Y Invades Europe

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🚘 🚘 The Tesla Model Y is on track to be the best selling car overall in Europe for 2023. This would be the first time an EV took the top spot
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Stocks: 55% Trading Above 200DMA

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🇺🇸 🇺🇸 55% of S&P 500 stocks are now trading above their 200D moving average, the highest amount since September 1
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Market Is Definitely Back

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

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🇨🇳 🇨🇳 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

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🇺🇸 🇺🇸 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

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