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Warm Up
- Lots of News - same old...
- China making moves
- Elon gets the crown back
- Jamie Dimon Speaks Up
- Cool Update From Apple
- And Baby Bonds ....

Market Update
- A down month - short and out
- Large Cap Growth - Beating Large Cap Value this year (small caps tied)
- S&P 500 up ~ 4% for 2023 NASDAQ 100 up 10%!
- Bonds - taking back some of the last month gains
- Gold, Silver walking back on higher USD - Switcheroo

***NO SHOW NEXT WEEK****

Inflation - Not Giving Up
- - The U.S. Federal Reserve may hike interest rates to nearly 6%, BofA Global Research said, as strong U.S. consumer demand and a tight labor market would force the central bank to battle inflation for longer.
- PPI, CPI and PCE come in hot...
- Don't think this is all over, but clearly not moving as fast - looks like we will settle in this area for a while

Vape Wars
- Altria Group Inc. is in discussions to acquire vaping startup Njoy Holdings Inc. for at least $2.75 billion in cash, according to people with knowledge of the situation.
- A deal could be announced as soon as this week, said the people, who asked not to be identified because the talks are private. There is also $500 million in follow-up payments if Njoy hits certain regulatory milestones, the people said.
- Altria recently wrote down the value of its investment in Juul to $450 million. The decision to end the noncompete “maximizes our flexibility to compete in the e-vapor space while maintaining our economic interest in Juul,” Altria said in a statement.
- BUT - original investment was $13 billion
- GENIUS PLAN - kill the vaping industry so cigarettes are back in vogue <