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The Age of AI Has Begun
From Bill Gates’s Blog
The development of AI is as fundamental as the creation of the microprocessor, the personal computer, the Internet, and the mobile phone. It will change the way people work, learn, travel, get health care, and communicate with each other. Entire industries will reorient around it. Businesses will distinguish themselves by how well they use it.
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The Stock Market Has Officially Entered Its Latest Bull Market
From Yahoo Finance / Chartr
The S&P 500 has surged 25%* since its October low, surpassing the 20% that many hold as an unofficial threshold for entering a bull market […] Investors often have to climb a “wall of worry” in order to get comfortable investing in stocks — and this year’s list of concerns was long. However, the economy has been surprisingly resilient.
* As of 7/13/2023
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Strong, Faster, Higher
From TD Economics
No, we haven’t mixed up the original Olympic motto, but repurposed it to characterize the outlook for the global economy. Stronger economic growth and faster inflation across much of the globe are leading to higher interest rates than we expected a quarter ago. The U.S. banking sector challenges seem to have dealt a glancing blow to the broader economy, and the consumer continues to spend at a healthy clip.
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