Monday, September 23, 2024

GDP got better?

Meanwhile, Dollar General falls
 
   
     
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Monday, September 23rd
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"Inflation is the surest way to fertilize the rich man’s field with the sweat of the poor man’s brow."

- Daniel Webster
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Markets Today
 
 
🌏 Asia-Pacific: Up
 
🇪🇺 Europe: Up

🇺🇸 United States: Up

🛢️ Oil: Down

Crypto: Down
​​​​
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Major Market Events 
 
 
Sour grapes: Wine demand is the weakest since 2008. Is this a sign? (link)
Telegram loses its privacy: The discrete messaging app will now share certain info with authorities (link)
New orders tumble: The lowest PMI reading since 2022 (link)
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🤔 My Thoughts 
 
 
Maybe economy isn't in such a good place. Manufacturing activity is dropping, while prices paid is increasing -- a textbook stagflationary setup.
To Better Trading,

Alex Reid
Wealthpin
 
WealthPin
   
     
   
 

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