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1. Euro area: Purchasing Manager’s Index still points to resilient economy.

The August flash Euro area PMI increased 0.2pt to 51.1 and shows resilience despite the trade war shock.

“We expect the Euro area economy to grow at an above-trend pace next year as German fiscal policy boosts Euro area growth.”

2. Nasdaq testing short term trend line.

The Nasdaq has slipped close to its medium-term trendline and needs a bounce here soon to avoid hitting trigger marks for a potential pullback toward the moving averages. As an aside: a similar trend channel for Nvidia already looks to have failed to the downside.

3. The return of the Magnificent 7 versus the return of the S&P500 without the magnificent 7.

4. The only thing politicians from both parties can agree on is sending the bill to future generations.

5. Berkshire Hathaway sold Apple again, reducing its Apple position's value to just $57.4 billion, the smallest in more than 5 years.

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