Citi Upgrades China Growth

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🇨🇳 🇨🇳 BREAKING: Citi boost 2023 China growth forecast to 5.3% from 4.7%; economy has hit its cyclical trough; 2024 forecast unchanged at 4.6%; early signs that the Chinese economy has reached a cyclical trough, with consumer spending looking like it’s climbing back and those consumers likely having ample savings to support a further cyclical bounce; actions taken by the People’s Bank of China have helped put a floor under the ailing property sector as well as providing more general support
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US Debt Interest Rockets Past $1 Trillion

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🇺🇸 🇺🇸 US debt interest bill rockets past $1tn a year. It’s 4% of annual US GDP. It has doubled in 19 months. It is equivalent to 16.3% of the entire Federal budget for fiscal year 2022

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We Nurture Investors

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Inflation Dropping? The Reality Is Different

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🇺🇸 🇺🇸 US inflation may have faded but the strain it’s imposed on American households has not, according to Census Bureau polling

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Grand Theft Auto Sizzles

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🚨 🚨 Take-Two Shares Jump After Reports Say ‘Grand Theft Auto VI’ Release Next Month

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Moody’s: Big Banks Sitting On $650B Of Unrealized Losses

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🚨 🚨 MOODY’S HAS ESTIMATED THAT BIG BANKS ARE SITTING ON $650 BILLION OF UNREALIZED LOSSES

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Its All About Quality. Period

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🚨 🚨 The top 2 stocks in the S&P 500 (Apple & Microsoft) now represent a combined 14.4% of the index, the highest weighting for any two companies with data going back to 1980
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Prime Success

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🥤 🥤 Prime, the hydration and energy drink brand backed by social media stars Logan Paul and KSI, is set to surpass $1.2 billion in annual sales this year as management pumps money into marketing to entice more shoppers

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Home Affordability Worsens

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🏡 🏡 Housing market affordability is so bad that Zillow says it will take you 13.5 years to break even on a purchase from July onward, per Fortune

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