Gold Outperforms S&P

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💫💫 Gold is now outperforming the S&P 500 this year

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Steve Cohen Sees A “Fake Scare” Recession

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🚨 🚨 Billionaire Steve Cohen is predicting a ‘Fake Scare’ recession this year. Says the U.S economy may fall into a short-lived recession before rebounding in the first quarter of next year
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Asset Managers Get Out Of Positions

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🚨 🚨 Asset managers have puked out of positions for the lowest asset exposure of 2023

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Recession? S&P Earnings Are 18% Higher

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🚨 🚨 With 44% of companies reported, S&P 500 Q3 GAAP earnings per share are 18% higher than a year ago, the 3rd straight quarter of positive YoY growth and highest growth rate since Q4 2021

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Homebuilder: Strange Things Are Happening

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🇺🇸 🇺🇸 Something strange is going on with the Home Builder Sales figures. New Home Sales have “bounced” back up over the last year, surprising many in the Housing Market. Yet – Buyer Traffic at home builder sites has collapsed to the lowest level in decades

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Rigged Data? China Industrial Profits Surge

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🇨🇳 🇨🇳 BREAKING: China September Industrial Profits +11.9% y/y (prior -11.7%)
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Stocks Drop—-Economy Is Roaring

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🚨 🚨 Why Stocks Dropped: US Economy Grew at a 4.9% Pace Last Quarter, Fastest Since 2021. Consumer spending jumped at 4% rate, also the most since 2021. Core PCE price index increased a less-than-forecast 2.4%. This strong data increases the probability Federal Reserve officials will raise interest rates again

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Amazon Beats

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🚨 🚨 Amazon reports better-than-expected results, as revenue jumps 13%. Earnings per share: 94 cents vs. 58 cents expected by LSEG, formerly known as Refinitiv. Revenue: $143.1 billion vs. $141.4 billion expected by LSEG. Amazon Web Services: $23.1 billion vs. $23.2 billion. Advertising: $12.1 billion vs. $11.6 billion

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US GDP Just Climbed Higher

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🚨 🚨 U.S. GDP growth registered at an impressive 4.9% in Q3, surpassing the predicted 4.5%

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EURGBP Surges To 6-Month High

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🚨 🚨 EUR/GBP – Near Six-Month High Before ECB Event Risk

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