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Dear friendsIn October, markets continued to face many economic challenges and uncertainties. Increasing interest rates, the strong dollar and decelerating consumer spending impacted corporate earnings. In addition, US inflation was…

Dear Friends As the latest U.S. inflation report remained stubbornly high, the S&P 500 plunged more than 5% in a week on fears that the Fed would have to continue…

Dear Friends Last month actually started with great news in the U.S.: a stellar jobs report, unemployment rate down to 3.5% (the lowest since 1969), inflation down slightly to 8.5%,…

Dear friends The U.S. economy added 372,000 jobs in June, and wages have risen 5.1% over the past 12 months. With the unemployment rate at 3.6%, there are still nearly…

Dear friends Last month, top executives from JP Morgan, Wells Fargo, BlackRock and Morgan Stanley again voiced pessimism at an investor conference that factors such as consumer confidence, inflation, the…

Dear friends The past month has once again broken records in the wrong direction: The S&P 500 was off to its worst 100-day start in a long time, only 1932…