Manole Capital Management, an investment management company, focused on covering the Financial and Technology sectors, released its third quarter 2024 investor letter. The third quarter was an excellent period for the US economy, which is still growing. The US real GDP grew by +2.8%, which was double the first quarter's increase and significantly higher than the 2.0% prediction. The financial markets appeared to be setting new highs every day in June and July. Although there has been some increased volatility in August, the market is still performing well. The letter discussed the Fed,...
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