Latest US Q3 GDP update!

 US Q3 GDP: 3.1%

Let's break down the GDP components to see what has happened.

GDP growth = Government spending + Investment + Consumption + Net Export

Q3 GDP (1st estimate) = 0.85 + 0.07 + 2.46 + (-0.56) = 2.82 (2.8)

Q3 GDP (2nd estimate) = 0.83 + 0.21 + 2.37 + (-0.57) = 2.84 (2.8)

Q3 GDP (Final estimate) = 0.86 + 0.16 + 2.48 + (-0.43) = 3.07 (3.1)

We can see that the G & C have increased but the I & NE have declined and the improvements outweigh the declines and the overall GDP has increased to 3.1%.

What do these changes show?

This shows that the external environment (global trade) is not improving and the US GDP is supported by domestic conditions.

El Salvador has decided to abandon Bitcoin!

El Salvaor is one of the few distressed countries that makes bitcoin legal tender and also keeps it as a national reserve.  It has decided to abandon bitcoin now because bitcoin can't resolve its dire economic problems.

Frasers Centrepoint Trust - Stock calls

Date	Analyst	Company	Last	Target	Call	Valuation
05/19/23	Citi Research	Frasers Centrepoint Trust	2.23	2.3	Hold
07/04/23	Kim Eng	Frasers Centrepoint Trust	2.17	2.35	Buy	DDM
07/26/23	DBS Vickers	Frasers Centrepoint Trust	2.19	2.6	Buy
07/26/23	OCBC	Frasers Centrepoint Trust	2.19	2.41	Buy
07/27/23	Phillip	Frasers Centrepoint Trust	2.19	2.35	Accumulate	DDM
07/28/23	CIMB	Frasers Centrepoint Trust	2.19	2.62	Add
08/01/23	UOB Kay Hian	Frasers Centrepoint Trust	2.16	2.52	Buy	DDM
08/30/23	DBS Vickers	Frasers Centrepoint Trust	2.21	2.6	Buy	DCF
08/31/23	UOB Kay Hian	Frasers Centrepoint Trust	2.21	2.5	Buy	DDM
08/31/23	Citi Research	Frasers Centrepoint Trust	2.21	2.51	Buy	DDM, PB1.08x
08/31/23	Kim Eng	Frasers Centrepoint Trust	2.21	2.35	Buy
08/31/23	DMG & Partners	Frasers Centrepoint Trust	2.21	2.13	Neutral
09/25/23	DBS Vickers	Frasers Centrepoint Trust	2.18	2.6	Buy
09/25/23	Lim & Tan	Frasers Centrepoint Trust	2.18	2.37	Hold
09/27/23	DMG & Partners	Frasers Centrepoint Trust	2.17	2.15	Neutral
10/05/23	UOB Kay Hian	Frasers Centrepoint Trust	2.13	2.36	Buy
10/16/23	Phillip	Frasers Centrepoint Trust	2.11	2.35	Accumulate
10/25/23	DBS Vickers	Frasers Centrepoint Trust	2.12	2.6	Buy
10/25/23	Lim & Tan	Frasers Centrepoint Trust	2.12	2.35	Hold
10/27/23	CIMB	Frasers Centrepoint Trust	2.05	2.52	Add	DDM
10/27/23	Phillip	Frasers Centrepoint Trust	2.05	2.29	Accumulate	DDM
10/27/23	DMG & Partners	Frasers Centrepoint Trust	2.05	2.12	Neutral
10/27/23	OCBC	Frasers Centrepoint Trust	2.05	2.35	Buy
10/30/23	Kim Eng	Frasers Centrepoint Trust	2.04	2.25	Buy
11/01/23	UOB Kay Hian	Frasers Centrepoint Trust	2.07	2.42	Buy	DDM
11/14/23	UOB Kay Hian	Frasers Centrepoint Trust	2.11	2.52	Buy
11/27/23	Phillip	Frasers Centrepoint Trust	2.2	2.29	Accumulate	DDM
12/01/23	UOB Kay Hian	Frasers Centrepoint Trust	2.18	2.42	Buy
12/01/23	Citi Research	Frasers Centrepoint Trust	2.18	2.47	Buy
12/08/23	DBS Vickers	Frasers Centrepoint Trust	2.22	2.6	Buy
12/19/23	Phillip	Frasers Centrepoint Trust	2.19	2.29	Accumulate
12/27/23	Lim & Tan	Frasers Centrepoint Trust	2.23	2.34	Hold
01/02/24	UOB Kay Hian	Frasers Centrepoint Trust	2.26	2.42	Buy
01/03/24	UOB Kay Hian	Frasers Centrepoint Trust	2.25	2.7	Buy	DDM
01/22/24	Phillip	Frasers Centrepoint Trust	2.2	2.29	Accumulate
01/23/24	DBS Vickers	Frasers Centrepoint Trust	2.24	2.6	Buy
01/23/24	OCBC	Frasers Centrepoint Trust	2.24	2.46	Buy
01/23/24	Lim & Tan	Frasers Centrepoint Trust	2.24	2.41	Hold
01/24/24	Citi Research	Frasers Centrepoint Trust	2.26	2.52	Buy
01/24/24	Kim Eng	Frasers Centrepoint Trust	2.26	2.4	Buy
01/24/24	DMG & Partners	Frasers Centrepoint Trust	2.26	2.3	Neutral
01/29/24	CIMB	Frasers Centrepoint Trust	2.22	2.54	Add	DDM
02/05/24	Phillip	Frasers Centrepoint Trust	2.33	2.38	Accumulate	DDM
02/06/24	UOB Kay Hian	Frasers Centrepoint Trust	2.3	2.73	Buy	DDM
02/07/24	DBS Vickers	Frasers Centrepoint Trust	2.26	2.7	Buy	DCF
02/19/24	DMG & Partners	Frasers Centrepoint Trust	2.23	2.35	Neutral
03/13/24	UOB Kay Hian	Frasers Centrepoint Trust	2.2	2.73	Buy	DDM
04/03/24	DBS Vickers	Frasers Centrepoint Trust	2.18	2.7	Buy	DCF
04/03/24	Citi Research	Frasers Centrepoint Trust	2.18	2.51	Buy	DDM & RNAV
04/04/24	UOB Kay Hian	Frasers Centrepoint Trust	2.16	2.73	Buy	DDM
04/25/24	Lim & Tan	Frasers Centrepoint Trust	2.18	2.48	Accumulate
04/26/24	Phillip	Frasers Centrepoint Trust	2.17	2.38	Accumulate	DDM
04/26/24	UOB Kay Hian	Frasers Centrepoint Trust	2.17	2.71	Buy	DDM
04/26/24	DMG & Partners	Frasers Centrepoint Trust	2.17	2.35	Neutral	DDM
04/26/24	Kim Eng	Frasers Centrepoint Trust	2.17	2.4	Buy
05/06/24	UOB Kay Hian	Frasers Centrepoint Trust	2.11	2.71	Buy	DDM
06/04/24	UOB Kay Hian	Frasers Centrepoint Trust	2.17	2.71	Buy	DDM
06/26/24	DBS Vickers	Frasers Centrepoint Trust	2.15	2.7	Buy
06/26/24	DMG & Partners	Frasers Centrepoint Trust	2.15	2.35	Neutral
07/05/24	DBS Vickers	Frasers Centrepoint Trust	2.13	2.7	Buy
07/25/24	OCBC	Frasers Centrepoint Trust	2.19	2.46	Buy
07/25/24	Citi Research	Frasers Centrepoint Trust	2.19	2.51	Buy	DDM & RNAV
07/26/24	Phillip	Frasers Centrepoint Trust	2.18	2.38	Accumulate	DDM
07/26/24	DMG & Partners	Frasers Centrepoint Trust	2.18	2.35	Neutral	DDM
07/29/24	Kim Eng	Frasers Centrepoint Trust	2.2	2.4	Buy
10/07/24	DBS Vickers	Frasers Centrepoint Trust	2.3	2.7	Buy
10/07/24	Kim Eng	Frasers Centrepoint Trust	2.3	2.55	Buy
10/18/24	Phillip	Frasers Centrepoint Trust	2.28	2.38	Accumulate	DDM
10/28/24	UOB Kay Hian	Frasers Centrepoint Trust	2.25	2.79	Buy	DDM
10/28/24	Phillip	Frasers Centrepoint Trust	2.25	2.44	Accumulate	DDM
10/28/24	DBS Vickers	Frasers Centrepoint Trust	2.25	2.75	Buy	DCF
10/28/24	DMG & Partners	Frasers Centrepoint Trust	2.25	2.35	Neutral	DDM
10/28/24	Lim & Tan	Frasers Centrepoint Trust	2.25	2.48	Accumulate
10/28/24	OCBC	Frasers Centrepoint Trust	2.25	2.53	Buy	Up from $2.46
10/28/24	CIMB	Frasers Centrepoint Trust	2.25	2.68	Add
10/28/24	Kim Eng	Frasers Centrepoint Trust	2.25	2.5	Buy
11/21/24	UOB Kay Hian	Frasers Centrepoint Trust	2.13	2.79	Buy	DDM
11/25/24	Phillip	Frasers Centrepoint Trust	2.11	2.44	Accumulate	DDM
11/27/24	UOB Kay Hian	Frasers Centrepoint Trust	2.13	2.56	Buy	DDM