RocketLab Rockets & Underpriced Growth Stocks Shine
September 29, 2024 Update
Macro Overview:
M2 data for August 2024 has been released, confirming a shift in monetary policy. The restrictive phase ended in April, and real M2 is now trending upward, which is a positive sign for the economy.
Globally, the most significant development was China’s aggressive fiscal and monetary stimulus. The Chinese stock market responded well, closing the week with gains of around 20% on huge volume.
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