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2024-03-22 06:34:52

stories on Nostr: App Allowing Traders to Copy Congressional Stock Portfolios Attracts $55 Million in ...

App Allowing Traders to Copy Congressional Stock Portfolios Attracts $55 Million in Investments
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#711e7a3c ver:0.06

The stock market in 2023 has been influenced by perception rather than reality . Despite uncertainty around interest rates, company and individual balance sheets remain healthy, businesses are strong, and unemployment is low . Cruise ships are sold out, restaurants are packed, holiday shopping is strong, and 82% of S&P 500 companies reported positive earnings in Q3 .

The US stock market had its best week of 2023 as Treasury yields dropped, but doubts persist about a year-end rally . Concerns include signs of a cooling labor market, potential slowdown in consumer spending, and weak corporate earnings . However, bulls argue that consumer spending remains robust . The reliance on credit cards for spending is concerning, as interest payments rise and consumers dip into savings . Earnings esti...

#newstr #StockMarket #Congress #Trading #Investments #App #Autopilot

https://here.news/story/711e7a3c?ver=0.06
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