Manole Capital Management, an investment management company, focused on covering the Financial and Technology sectors, released its third quarter 2024 investor letter. A copy of the letter can be downloaded here. 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...
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