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Tesla is making the comeback of the year...
Tesla, $TSLA, is now the 12th largest public company in the world. Since the April 2024 low, Tesla stock is now up over 80% and has added $350 BILLION in market cap. The stock is also now just 1.5% away from being UP year-to-date after falling nearly 40% in the first 4 months. If $TSLA hits ~$257 per share, it will be one of the top 10 largest public companies in the world. Just 2 months ago, Tesla briefly fell off the top 20 list as worries over the EV market arose. Source: Kobeissi Letter
Kamala Harris and Joe Biden's odds of securing the Democratic presidential nomination have converged...
Source: Bloomberg, Michael McDonough
Odds of Biden winning democratic 2024 presidential nominee are collapsing as NYT said Biden told ally he is weighing whether to continue in race
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As of this morning, betting markets are giving VP Harris higher odds of being President after the 2024 Election than current President Biden.
The cross has happened. Source: Bespoke
Good to know Mrs Lagarde...
ECB President Christine Lagarde said Tuesday that Taylor Swift’s Eras Tour is not alone in keeping inflation high across the euro zone. “It’s not just Taylor Swift, you know,” Lagarde told CNBC’s Sara Eisen in Sintra, Portugal. “Others have come as well.” Terms such as “Swiftflation” and “Swiftonomics” emerged last year following a surge in spending on services such as hotels, flights and restaurants around her performances.
US private payrolls
DP reported 150k job additions in June (well below the 165k expected) - the third straight monthly decline in job additions and the weakest since January... "Job growth has been solid, but not broad-based. Had it not been for a rebound in hiring in leisure and hospitality, June would have been a downbeat month," said Nela Richardson Chief Economist, ADP. Source: www.zerohedge.com, Bloomberg
A great quote from Charlie Munger...
try to be a little wiser every day... in small steps Source: Invest in Assets
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