US Property: 60K Home Deals Fell Through In June

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🇺🇸 🏡 Roughly 60,000 home deals #fell #through in #June in the US, equal to 15% of homes that entered into contract
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Rolls Royce Dives Into Hydrogen Powered Engines

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🇬🇧 🇬🇧 #Rolls-#Royce to run engine tests with #hydrogen as pressure mounts to cut emissions – FT
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China Is Now Pariah As Money Managers Avoid It

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🇨🇳 🇨🇳 #China is now #pariah for global #investors: Money managers once enticed by China’s juicy yields and huge tech companies now say reasons to #avoid the #country outweigh incentives to buy
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China New Covid Cases Highest Since May

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🇨🇳 🇨🇳 #China #COVID #highest new case count since May reported on the weekend
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S&P Trailing PE Ratio Now Below The 5 and 10 Year Average

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🚨 🚨 #FactSet: The trailing 12-month P/E ratio for $SPX of 17.6 is below the 5-year average (23.0) and below the 10-year average (20.3)
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Goldman Sees 2Q GDP Plunging

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🇺🇸 🇺🇸 #Goldman Sachs: “The #economic #slowdown that we need is well #underway.” Expects Q2 GDP growth of 0.7%
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Burberry And Richemomt Take A Beating In China Sales

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🇨🇳 🇨🇳 #China #Luxury: #Burberry saw its sales in mainland China drop 35 percent in the last quarter alone. #Richemont, which owns Cartier and several other luxury brands, experienced a 37 percent cut over the same period
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A Soaring Dollar Has Slammed Private Banks

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🚨 🚨 #Goldman Sachs: The last six months has #slammed conventional #portfolios of private banks seeking to diversify risks across stocks and bonds
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Meta: The Drop Is Not Over Yet

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🚨 🚨#Meta will #cut plans to hire engineers by at least 30% this year, CEO Mark #Zuckerberg has told #employees
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G20 And Russian War: All Talk And No Action

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🚨 🚨 #Talk Is #Cheap: Finance chiefs from the world’s biggest economies lined up to blame #Russia for the global inflation wave and sharply #deteriorating #growth outlook
New Index Based Strategy: We have unveiled a unique #Index #Based #Strategy that will #make #money for Investors in the stock and bond markets #regardless of #market #direction. We will NOT be investing in individual stocks, bonds, the US Dollar, nor the fear index
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