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- Autonomy🪬: TikTok is using the microwave.
Autonomy🪬: TikTok is using the microwave.
The Currency Wars deepen. Energy is still beating the rest of the market, and Bank CEOs whipe away tears w/ 💵
Trends 🕺🏻
Forbes broke the story on TikTok “heating”— a practice of supercharging certain content, internally, to ensure that it achieves virality.
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Markets 💹
Markets were mixed last week. The Dow declined 2.7%, the S&P 500 lost 0.7%, while the NASDAQ, up 0.6%. Oil gained 2.3%, trading at $81.73/bbl at Friday's close. (Via Tendies Research)
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Digital Assets 📱
Crypto is the second most widely-owned asset class for women, only second to cash (CT)
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Macro 🌐
Currency Wars Continue: Argentina + Brazil in talks to develop mutual currency.
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France and Germany have agreed to strengthen their rail network with a new high-speed train between Paris and Berlin. (BBG)
Autonomous Note🪬:
We’ve been talking about currencies wars for a while. This latest chapter supports our thesis that energy producers will continue to move away from the US Dollar. Saudi Arabia and China have also been hard at work to migrate energy away from the USD. The USD sits at a low for the year…
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Economy 🧮
US Debt ceiling saga continues. Lawmakers will continue to point fingers across the isle until the deadline encroaches. The US cannot and will not default as it would have unbelievable consequences on global markets.