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JUST IN: BlackRock and Citadel to start a new stock exchange based in Texas that is set to compete against the New York Stock Exchange
Source: Barchart
Nvidia is within single digits now of becoming the world's most valuable company $NVDA
•5% away from Apple •6% away from Canada •9% away from Microsoft Source: Bloomberg, HolgerZ
Productivity shortfall against the US is one thing, but Germany falling behind France is remarkable. What happened?
Source: Bloomberg, Michel A.Arouet
Is US Consumer Discretionary vs Staples giving us a warning sign about the US consumer?
Source: Bloomberg
How "strong" is the labor market?
The US economy has seen an unemployment rate below 4% for 27 straight months, longest streak since the 1967. The longest streak of below 4% unemployment occurred in 1951 and lasted for 35 months. On Friday, the BLS will release labor market data for May, and estimates believe unemployment will be 3.9%. If unemployment comes in line or below expectations, it would mark the 2nd longest streak in history. Meanwhile, most Americans argue that the economy is getting worse. All eyes are on labor market data on Friday. Source: The Kobeissi Letter, DB
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