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On the SPOT™ blog (10/26/2023) [G..]

The economy seems to be sound and expanding as Q3 GDP numbers were better than Q2 numbers. Pending sales of existing homes also rose more than estimated in September. These good news items might be adding to speculation about Feds' move in next FOMC meeting. Big tech is under pressure after META's warning about soft ad revenue in Q4 (delivered a Q3 beat) related to unpredictability caused by Israel-Hamas war. Many other notable companies' results is also generating -ve sentiment. As a result, all three major US indices are in the red this morning (PST).

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