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Weekly Highlights 27 Oct: US Government overspend! No surprise!
By The Investment Blueprint  •  October 27, 2019
#1 The US government overspend once again! 

To be honest, not really a big surprise.

When you have a President that is hell-bent on making sure that the economy is on the upward trajectory to ensure that he gets re-elected, no expenses are spared I guess.

Despite having a wider tax base and an economy that has an unemployment rate at a near 50-year low, US budget deficit stands at $984 billion, about 4.6% of its GDP.

https://www.reuters.com/article/us-usa-economy-budget/u-s-governments-annual-budget-deficit-largest-since-2012-idUSKBN1X426T

 

#2 TESLA announced profitability for the first time in 3 quarters

Earlier this year, a couple of prominent analysts came out to condemn Tesla. Some were even proclaiming that Tesla could potentially fell to $10 a share (cough cough Morgan Stanley).

As of 25 Oct 2019, Tesla’s stock price closed at $328.13. I guess this is a tight slap to the bear narratives.

This is the very reason why retail investors

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By The Investment Blueprint
My name is Harvey and I aim to publish at least one article per week. Only facts, statistics and a whole lot of caustic humour. ETF enthusiast.
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