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6-3-24 The Momentum Chase Is On
Markets start the month with support sustained at the 20-DMA, although consumer spending is weakening, with retrenchment in Restaurants. Inventories are high while spending is slackening. The cure for inflation is high prices. Markets break thru 20-DMA on Friday, but rally before the close. Sell signal is restricting upside. The market momentum chase is on...which is fine until the music stops. Noting investing cycles vs market cycles and the problem with dividend investing strategy. Public Debt: Productive vs non productive: Can the AI boom bail us out? Why James Grant is wrong about debt…
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