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U.S-RU summit Friday + UKR ?/ U.S CPI tom / SPX #riskconcentration / #GOLD reval..?/ NVDA, AMD

  • Writer: Stéphan
    Stéphan
  • Aug 11
  • 3 min read
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  • As of June, foreign exporters absorbed 14% of US tariffs, US companies ate 64%, and US consumers ate 22% according to GS. Tariffs contributed 0.2% to PCE, but the impact could be 0.66% by year end

  • Markets : Trump Uturns Swiss Gold tariffs (as expected..), FED pricing update : we now have 2 rtate cuts priced in by year-end adn another 3 for 2026 (>> woul dbe 3% Fed Fund by hen), rice prices plunges to its lowest price in 8y, #UPS is the largest courier in the world, stock has given up all the gains from covid lows, U.S CPI next focus tomorrow (U.S PPI Thursday and US claims, US sales Friday, and U.S-Russia and UKR talks? in Alaska

  • Ahead of this Friday’s U.S.-Russia summit, ‘Vance: ‘We’re done with the funding of the Ukraine war business’ (The Hill) - so Europe will be paying for whatever is agreed in terms of security guarantees(?); as ‘Europe urges Trump to use sanctions pressure ahead of Putin summit’ (FT)

  • How Trump-Modi phone call sparked US-India trade fallout. In the 35-minute phone call, Modi clarified that the ceasefire was discussed directly between India and Pakistan

  • ‘Trump may impose more tariffs on China as punishment for Beijing buying Russian oil’ (SCMP)

  • #GOLD market : it may not be a revaluation the U.S want, but nore like a #confiscation and put the gold inthe Treasury's hands.. (they are determined to merge FED and US Treasury...and they will get there, one way or another )

  • US Fed's Bowman: Latest jobs data stiffens support for three rate cuts in 2025

  • NVDA and AMD Nvidia agreed to pay 15% of their revenues from chip sales to China to the US govt as part of a deal with the Trump admin to secure export licenses...the new way..is that even constitutional ?

  • Largest 10% of U.S stocks now make ut 76% of total market cap - highest concentration in history, Nvidia now makes up over 8% of the S&P 500, the highest weighting for any single stock in the index on record, The S&P 500 is now trading at 3.15x sales, its highest valuation in history

  • Opening up 401 (k) retirement plans worth $9 trillion IS a dream coming true for private equity >>> folks putting their pensions in there now, will NOT be happy in a few years time...

  • The irony is that Steve Miran has leaned hawkish in the past few years/thread

  • Swiss Politicians Push to Cancel F-35 Fighter-Jet Deal After US Tariffs

  • UK : A second referendum on EU membership would be audacious, risky, and guaranteed to dominate the campaign. It would also give Labour something it desperately lacks: a defining, future-shaping offer #GBP

  • US SERIOUS delinquencies are at CRISIS levels: The share of credit card debt delinquent 90+ days hit 12.3% in Q2 2025, the highest in 14 YEARS





















 
 
 

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