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FED Sep cut to 65% prob ahead of Jackson Hole, $$ up a little, QQQ, AI under small pressure / Powell speech now!

  • Writer: Stéphan
    Stéphan
  • Aug 22
  • 2 min read
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  • I wonder if Jerome Pow is going to make it there...The 'Million Dollar Cowboy Bar'

  • Markets : FED Sep cut priced again around 60%, so anything goes basically (was fully priced 1week ago)..USD reacts, QQQ mostly reacted too...Fed's Hammack 'current conditions don't support a Sep cut', U.S PMI was a little higher than expected, all about Powell in JH, but since payrolls are key, focus should quickly shift to next employment data day early Sep, the last before Fed Sep decision. Japan's 20-Year Bond Yield hits highest level in 25+ years, #GDX kept on motoring this week even though GOLD prices remained stable.. Let's see what Powell has to say, risk been reduced, awaiting new opportunities at better levels, tactically few #QQQ shorts established earlier in the week (AI top, RSI's, valuations, short-term momentum turned etc)

  • Fed's Bostic: Crypto is too small to put financial stability in play

  • Redfin: Home purchases are getting canceled at a record rate

  • The US-EU release a bare-bones account of their trade deal, but it's a work in progress

  • The United States and European Union say they've agreed on the details of a trade deal that would keep tariffs high for now on European vehicles and lower them on computer chips, but it will take weeks — or months — of additional negotiations to iron out remaining issues. White House officials hailed a joint statement released Thursday in Washington and Brussels as an important step toward fleshing out the commitments reached by President Donald Trump and European Commission President Ursula von der Leyen at their impromptu July summit

  • Nvidia Corp. has instructed component suppliers including Samsung Electronics Co. and Amkor Technology Inc. to stop production related to the H20 AI chip

  • Fitch Ratings: US consumer spending slows sharply as labor market weakens, tariffs raise inflation >>> It’s taking a longer and longer time for jobless Americans to get new jobs. Continuing jobless claims have been steadily grinding higher, now at new post-2021 highs










Haven't spent muich time thinking about all this, but interesting interview










 
 
 

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