Saudi Arabia is going to maintain its oil production cut for another 3 mo (1mm barrels/day reduction). Russia also extended its own...
Read moreThe JOBS report showed some softening in the jobs market here in the US, so the odds for a Sep pause just went up. There were fewe...
Read moreUBS posted a monster quarter—the biggest ever quarterly profit for a bank because of its attractive takeover of CS. The benefit...
Read moreThe US grew at a slower pace than previously thought in 2Q23 (2.1% versus 2.4%), which is giving doves another arrow in their ...
Read moreThat’s what we’ve got this week. Yesterday we saw the tightest session range for the SPY in almost 4 weeks. Next week folks co...
Read moreBloomberg is noting how investors are excited about the US bond market at current yields because they view the Fed as close to g...
Read morePowell’s Fed is “prepared to raise rates if appropriate” and inflation “remains too high” and “intend to hold polic...
Read moreNvidia delivered after the close yesterday, with exceptional results and a promise to boost chip supply with urgency to satisfy A...
Read moreAll eyes are on Nvidia’s earnings report today. Expect the market to move according to results versus expectations, which are h...
Read moreOtherwise the bears will be out for their feeding. With the stock up 8% on Monday and now looking like a bounce here on Tuesday, either p...
Read moreOvernight markets moved up to start the day and week, with cyclicals leading the way. Semis are up, hoping for some good number...
Read moreThe VIX is back to 18, the highest level since May, and there’s $2.2 trn of longer-dated contracts maturing today, per Asym 5...
Read moreThe FOMC minutes noted that inflation could require further tightening, as detailed by Bloomberg....
Read moreFitch is out ringing the alarm bells about US junk bond issuers' ability to repay near-term obligations, per Bloomberg....
Read moreA surprise policy rate cut out of China isn’t making investors feel much better. The PBOC decreased by -10bps to 1.8% the 7-da...
Read moreInvestors appear to be moving past the tough data coming out of China in hopes that the gov will deal with greater financial ...
Read morePPI rose +0.3% m/m in July, a hotter number than expected (+0.2%). Prices (ex food, energy) increased y/y by +2.7%. Producer pr...
Read moreThis morning key data was released. CPI rose 3.2% y/y in July, versus an expected 3.3%. Core inflation (ex-food and energy) rose 0...
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