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French FM talks IMF bailout risk #EUR / NVDA ce soir / Get set for end of FED independence / China-India-Russia

  • Writer: Stéphan
    Stéphan
  • Aug 27
  • 3 min read
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  • Markets : Get set for end of FED independence (and thus other CB's eventually), French FM talks possible need of IMF bailout!..huge budge decision coming, things starting to look ugly (got to hedge some EURO here, see below), and won't be long until China/Russia/India loose their pentience with Trump... >>> All ears and eyes on NVDA, markets way too rich (buybacks, liquidities the only thing holding them up), FED cuts all but priced in into 2026 too..and #macro economy slowing/slow at best in many parts #debtwilltearsusapart !

  • Fed - Get Ready for the End of Fed Independence - Markets haven’t yet grappled with the implications of the president having control over the central bank

  • 'Powerful optics': China's Xi to welcome Putin, Modi in grand show of solidarity >>> there is only SO much they will take from Trump, before they go their own way...

  • OK so tonight,  8% of the S&P and 14% of the NDX reports, oh hang on it's #NVDA !

  • The UST bond market has now fully priced 2 rate cuts by year-end and 3 more cuts in 2026. That would bring the Fed Funds Rate down to 3.00% (lower bound)

  • #EURO >>>French politics, is another potentially BIG downside risk for EURO clearly (again), but this time we also have a EURO weighted index (NEER) close to all time highs and chine deflation inthe background, U.S tariffs, so some pretty good reasons for ECB to turn dovish and guide lower at next meeting >>> 2y French bonds trading highest in Europe, higher than Greece >>> next, will Athens send a Troika to PAris to dictate terms of theri fiscal plan..? ...reverse of 2010...

  • Lutnick: "Think about this. We give hundreds of millions to each university. Tens of billions, up to $200 billion a year. They take that money and they do research and they get patents. And you know who keeps them? The scientists and the university. And we who pay all the money, the American taxpayers, we get nothing. This has got to change."

  • U.S. Commerce Secretary Lutnick announces that the U.S. will be issuing economic data on blockchain, beginning with GDP data

  • This is extraordinary. For the many of you who wonder how the EU could agree to such a humiliating "deal" with Trump, wonder no more/Thread


Fed - Get Ready for the End of Fed Independence - Markets haven’t yet grappled with the implications of the president having control over the central bank - WSJ

  • President Trump considering Stephen Miran and David Malpass as possible replacements for Lisa Cook on the Federal Reserve's board of governors - WSJ

  • Trump’s Fed Gamble Risks Pushing Key Bond Rates Even Higher - the 10-year Treasury yield, which determines what Americans pay for mortgages, business loans, and other debts, has been stubbornly high due to tariffs, the budget deficit, and Trump's tax cuts. Trump's efforts to reshape the Fed could keep bond markets on edge and long-term debt yields elevated, as investors are concerned about the central bank's inflation-fighting credibility and autonomy - BBG

 


Firing Lisa Cook is just th beginning fro Trump...






>>>> There you have it, she said the quiet part out loud: the EU is in such a terrible strategic situation and EU leaders have so little courage that they're unable and unwilling to say 'no' to even the most humiliating demands


It's coming, unless they manage some DRASTIC spending cuts, big budget decision coming les amis..










 
 
 

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