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Retail sales and the CPI number were better than most expected...making the argument that a recession is not imminent.
Data remains conflicting; the problem is related to the abundance of information which becomes available, most investors are completely overwhelmed with the sheer amount of micro data points coming at them on a weekly basis.
Market sentiment is looking for a September rate cut.
In the Middle East we still have no idea what will happen.
If and when an attack on Israel could take place.
Will it come directly from Iran or perhaps indirectly. There is a tense environment as negotiators attempt to prevent an escalation.
IMG will keep you posted.
Short-term: Headlines are your buying opportunities.
Long-term: Fundamentals are your guide.
Much success to all. |
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