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CNBC Closing Bell July 13, 2024

Its now been 53 days since the president announced the phase one deal with china was agreed and just waiting to be inked thats 53 days and counting. Joining us for the full first hour of the show, Wealth Management ceo josh, did i pronounce it correctly nailed it todayly rsi, people toss around these terms, overbought, oversold they use them qualitatively. The market went up a lot its overbought. Theres a technical definition to things like being overbought. By any stretch of any way you want to look at it, we were overbought on something called rsi. S p 500 we hit 75, the most overbought weve been technically since january of 2018 and we know what happened after that a very swift 17 selloff. So its not shocking that you have big down 400point day in the dow. The big takeaway for me, to answer your question, is the biggest mistake you can make is go to these extremes of bullishness, bearishness, based on each days action today ....

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Billionaire Steve Cohen Predicts AI Will Lead To 4-Day Work Week - Booking Holdings (NASDAQ:BKNG)

Billionaire investor Steve Cohen joined CNBC's "Squawk Box" on Wednesday and predicted the four-day work week will become mainstream for the "vast majority" of people. Cohen sees the advent of AI in the workplace and its related increase in productivity enabling employers to institute shorter work weeks and allow longer weekends for employees. "My belief is a four-day work week is coming," Cohen shared. ....

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