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Excellent write up!

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Aug 1, 2022Liked by Richard Excell

I believe the rally will be driven by large tech earnings (Apple, Microsoft). I like your travel component and agree that it is an economic driver that will fall off in the near future.

I do not believe real positive economic change can happen without oil falling.

I do not understand how gold and silver have declined while the dollar has weakened.

I do not know if the gdp numbers are adjusted for inflation.

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