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๐Ÿ‡ญ๐Ÿ‡ฐ Hong Kong share prices have entered a bear market, down 21% from their high earlier this year, as fears over China's economy continue to mount.

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๐Ÿ‡จ๐Ÿ‡ณ Evergrande, one of Chinaโ€™s real estate giants, filed Chapter 15 bankruptcy.

Meanwhile, Chinaโ€™s HY real estate index is down a massive 82% in just over 2 years.This puts the index back down to 2008-levels. All while China just โ€œunexpectedlyโ€ cut interest rates.

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๐Ÿ“Š World Indices :

SPX - 4,348.45 (-0.5%)

๐Ÿš€ Cryptocurrencies :

Bitcoin USD - 26,254.00 (-7.44%)
Ethereum USD - 1,674.99 (-6.09%)

๐ŸŒŸ Commodities :

Crude - 80.79 (0.5%)
Gold - 1,924.90 (0.51%)
Silver - 22.86 (0.64%)

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๐Ÿ’ฐ The percent of Bitcoin supply in profit has just fallen from 71% to 61%.

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๐Ÿ“‰GLOBAL STOCKS SUFFER WORST WEEK SINCE MARCH AS FED FEARS, CHINA CONCERNS RATTLE MARKETS

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๐Ÿ“ฃ US officials estimates of war toll, according to the New York Times.

๐Ÿ‡ท๐Ÿ‡บ Russia

120,000 troops killed
170,000 to 180,000 injured

๐Ÿ‡บ๐Ÿ‡ฆ Ukraine

70,000 troops killed
100,000 to 120,000 injured

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๐Ÿ“ฃ Elon says X/Twitter will remove the ability for anyone to block accounts.

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๐Ÿ“‰TECH SELL-OFF, RISING YIELDS PUSH CATHIE WOOD'S ARK ETF DOWN 20% FOR MONTH OF AUGUST

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๐Ÿ“Š World Indices :

SPX - 4,369.71 (-0.01%)

๐Ÿš€ Cryptocurrencies :

Bitcoin USD - 25,923.54 (-1.26%)
Ethereum USD - 1,660.95 (-0.84%)

๐ŸŒŸ Commodities :

Silver - 22.80 (0.37%)
Crude - 81.40 (1.26%)
Gold - 1,918.40 (0.17%)

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๐Ÿ‡ฏ๐Ÿ‡ต Japan will increase its minimum hourly wage to 1,004 yen (roughly $6.91), the largest increase ever recorded.

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๐Ÿ‡ฉ๐Ÿ‡ช Almost two-thirds of Germans want a new government, citizens said in a poll on Saturday โ€” dpa

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๐Ÿ“‰Nasdaq is down more than 7% so far this month, on track for its worst August since 2001

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๐Ÿ‡ฎ๐Ÿ‡ชA software bug at a Bank of Ireland has allowed customers to withdraw cash thatโ€™s not theirs. โ€˜Free Moneyโ€™

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BREAKING: ๐Ÿ‡ท๐Ÿ‡บ Russia's Luna-25 has crashed into the Moon.

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๐Ÿ“Š World Indices :

SPX - 4,369.71 (-0.01%)

๐Ÿš€ Cryptocurrencies :

Bitcoin USD - 26,134.14 (0.81%)
Ethereum USD - 1,674.73 (0.83%)

๐ŸŒŸ Commodities :

Gold - 1,918.40 (0.17%)
Silver - 22.80 (0.37%)
Crude - 81.40 (1.26%)

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๐Ÿ“Š Key Events This Week:

1. Existing Home Sales data - Tuesday
2. US Services PMI data - Wednesday
3. New Home Sales data - Wednesday
4. Core Durable Goods data - Thursday
5. Initial Jobless Claims - Thursday
6. Fed Chair Powell Speaks - Friday

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๐Ÿ“Š SPX , BTC , DXY , US10Y at a glance

SPX - Bullish, Support and Oversold.
BTC - Uptrend, Support and Oversold.
DXY - Downtrend, Resistance and Overbought.
US10Y - Double Top Pattern, Resistance and Overbought

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๐Ÿ“Š Goldman Sachs just said the probability of a recession in the next 12 months is down to 20%.

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๐Ÿ‡บ๐Ÿ‡ธ FED SPEAKERS THIS WEEK:

FOMC MEMBER BOWMAN (TUES. 2:30PM)
FOMC MEMBER GOOLSBEE (TUES. 3:00PM)
FOMC MEMBER BARKIN (THURS. 12:00PM)
FOMC MEMBER HARKER (FRI. 9:30AM)
FED CHAIR POWELL (FRI. 10:05AM)

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๐Ÿ“‰ Daily active users on Meta's Threads drops to under 10 million - WSJ

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๐Ÿ‡ฟ๐Ÿ‡ฆ BRICS Summit in South Africa starts tomorrow:

- Brazilโ€™s Pres. Lula has already landed!
- Chinese Pres. Xi Jinping just left Beijing
- Indian PM Modi will leave tomorrow morning
- Russian Pres. Putin will do video calls
- US media ready to publish endless fake news
- 40+ world leaders will be attending.

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