Too much of the increase in ea

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Rainy777
08-11 02:54

Too much of the increase in earnings for the $SPDR S&P 500 ETF Trust(SPY)$ comes from tech companies saying their stake in OpenAI is worth more. And without it, not much else is increasing earnings. I think we're ripe for a correction, especially with the Iran war unresolved and the slide in the yen with repeated unsuccessful USDJPY interventions.

# 💰Stocks to watch today?(11 August）

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popzi
·08-11 09:33
I added SPY and still don't buy the correction case. Strip out the OpenAI marks and broad earnings still look fine to me
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