Powell’s Jackson Hole speeches tend to lift the stock market — but when they don’t, the drop is a doozy >>> The market has priced 6 rate cuts from the Fed between now and March 2025, SPX500 didn't quite reach ATH's yesterday, bearish candle if it follow suits today it will matter, together with possible USD strength, 'could' spoil the current bullish-nothing can go wrong sentiment - see USDJPY below
Plenty of speakers lined up for later on in the day, beware of possible vol moment
BOJ’s Ueda signals readiness to raise rates if growth, inflation on track
Mayor of London Sadiq Khan has suggested the UK could rejoin the EU in “the medium to long term”, in a departure from Labour’s stance on Brexit
S&P PMIs: Flash PMIs were mixed, with a tick-up in headline services, but a decline in manufacturing
Kennedy withdraws candidacy in Arizona on eve of big announcement
Ghost jobs: What the rise in fake job listings says about the current job market >>> been going on for a long time! we were told back in the day in investment banking to always interview folks...for those dream jobs... it was simply to get client's info ''market knowledge'.. some famous U.S house were excellent at it..
BMW overtakes Tesla in European EV sales for first time, report says
Sticker price at some colleges is now nearly $100,000 a year, ‘a worrisome trend,’
Swiss food multinational Nestlé has surprisingly appointed a new CEO. Laurent Freixe will take over from Mark Schneider on September 1 >>> as often discussed years ago, expensive share buy backs/higher debt not a good strategy..
BOJ’s Ueda signals readiness to raise rates if growth, inflation on track - Business & Finance - Business Recorder (brecorder.com)
If you want some growth...help reduce volatile energy prices and reduce inflation overall...
Jesse Felder on X: "'Since 2008 or so, the underperformance of the miners versus the gold price has been very, very bad. It will take more than a quarter or two of expanding margins for the industry to regain investors' trust.' https://t.co/CZIsjMSMDK https://t.co/Y4sAqCVNQA" / X
Financial Times on X: "This is the first such visit, made through a channel kept under wraps to avoid Chinese criticism, since Taiwan's President Lai Ching-te took office. https://t.co/imdAntCkGi https://t.co/HuzRalMTwt" / X
Still time for some hols :-) The 10 best secret Mediterranean islands (telegraph.co.uk)
#USDJPY do watch out fo a snap back if Powell isn't quite as dovish as the market has already priced in
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