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BLOOMBERG Bloomberg Markets Americas July 12, 2024

Reopening. We will speak with a Lieutenant Governor. She will be joining us. Partner chairman per perspective on the company front. We are getting some data right now. Existing home sales, monthtomonth on month, 9. 7 , that is significantly worse than the market was anticipating. This is the month on month number. The Economist Survey suggested the number could be 5. 6 . Set ofgnificantly worse data coming out of the u. S. Housing market. U. S. Sales coming through at 3. 91 in totality. So, the u. S. Housing market is in a word place. In some ways because of government assistance. We have not seen a collapse in prices. This is transaction. Prices are fairly buoyant. Later on this year, things could get trickier. At the moment, looking at the monthtomonth, that number worse than anticipated. Alix it raises the question, where do people want to live as areas reopen. New ....

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CNBC Mad Money July 12, 2024

1. 1 but underneath, it was insane after a big dip at the opening, the market came roaring back into the black. This was a day when both the recession stocks and the recovery stocks worked long term thats just knot sustainable. Sooner or later, someone, one of these two groups has to be wrong but short term as were taught, anything goes. Let me break this one down for you. This market has two big themes, completely contradictory and a third team thats down right apocalypse first, the american awakens train. The people who buy into this thesis, well, they believe the government made a terrible mistake locking down the economy. Im part of that group we wont make that mistake again. Now that the country is reopening, they expect people to go out and spend and return to work as they see it for all intensive purposes, the pandemic is behind us the worst is over. We have a better understanding how to treat covid and in the fall it wont be on the radar screen despite records in florida and te ....

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