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| Recently released current inflation predictor for Nov to jump to 4.25% with 4th quarter predictor to exceed 5%. This combined with Wall Street journal releasing survey forecast from those on Wall Street showing a predictive GDP of 2.1% for fourth quarter. Not lollipops and unicorns definitely.
Throw in the 33 initiatives to restrict data centers throughout the country that passed, and tech companies releasing 3rd quarter earnings that are missing expectations from high costs of building data centers. This leads those over valued valuations of stock leading the way lower. | |
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Headwinds
