#WMT ATH's / SPX500 +ve in Aug, 2% off ATH's! strong U.S data, so no cut in Sep now...? / Jackson Hole up next

S&P 500 moved into positive territory for August! only about 2% from all time highs...''Momentum Tech has almost a full retracement and back to fully overbought'''... Remember the panic last week and calls from prominent folks for an immediate 75bps cuts ?... if any logic, there is no need for any cuts now then!! >>> strong data on retail sales and jobless claims that helped to calm the recession fears seen earlier in the month, Walmart reported better results and a strong outlook also helped overall sector, #VIX equity vols been coming off pretty sharply from 65 and back to 15, and pushed risk back higher >>> only about 35bps priced for Sep FED now >>> JACKON HOLE up next for statement of any kind
Higher vols - too much leverage = forced selling/unwinding, the reverse is what we've seen last 10days... #systematicinvesting
When the stock market drops like a rock, losing 12% in two weeks, then jumps 10% in the next two weeks, is this the sign of a healthy market? #NIKKEI was more like down 27% and up 25% or so
Kamala Harris' plan to lower grocery bills includes a ban on corporate 'price gouging'...'''She’s bringing out people who are not interested in voting for either Trump or Biden. So the entire electoral pool has changed''..
Trump will be ordered to serve time in prison when he is sentenced for falsifying business records in September, a Fox News columnist has said
FT - How much will higher tariffs hurt China?. The bigger challenge the country faces is a policy-driven debt-deflation loop
August BofA Global Fund Managers’ Survey/Thread
#TLT Bond traders are now more bullish of 10-year Treasuries than any other period on record/Thread, and data is stronger than expected..
The UK economy grew 0.6% over three months, another solid quarter!
Iranian banks hit by major cyber attack, reportedly one of largest in history