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Sunday, September 18, 2022

FedEx Projects Global Recession; Spike-Induced Pellagra?

The Consumer Price Index release on Tuesday (expected: -0.1% m/m, actual: +0.12% m/m) had the strongest impact on prices this week; equities sold off hard (more than 2% in five minutes). The S&P 500 Index (SPX) eventually closed the day at the dead lows, which is never a good sign, since it means “there was …

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