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U.S-UKR-EU-UK summit today / German 30y bonds, 11y highs / Jackson Hole Key event towards end of week

  • Writer: Stéphan
    Stéphan
  • Aug 18
  • 4 min read
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  • Crucial meeting at the white House today

  • Markets : The biggest event risk now lies in today’s U.S.–Ukrainian summit in Washington, but mor eimportantly Jackson Hole conference taking place Thursday through Saturday (last chance really for Powell to signal something for Fed decision in Sep and beyond - recall a cut is almost priced in.. and 4-5more into 2026..)...Container shipping traffic from China to the US is falling again/Thread >>> plenty of 'market topping out stories, extremes valuations, Hartnett now too, should not be any surprise if a decent correction comes along into September...risk is Powell cuts down expectations thereafter....Jackson Hole super important, see below

  • The record-breaking rally in US stocks has left them prime for profit taking in the event of dovish signals from the Federal Reserve at the Jackson Hole economic symposium, according to Bank of America Corp. strategists, Winners could include gold, commodities, cryptocurrencies, EMs./Thread

  • Zelensky Heads Back to Washington Under Pressure From Putin - European leaders to join Ukrainian president in visit to Oval Office seeking a path to end war with Russia - WSJ - Trump’s Peace-Deal Demands Leave Zelenskiy With Only Bad Options - Volodymyr Zelenskiy is in an impossible bind, having to risk Donald Trump's wrath or accept a deal to end Russia's war in Ukraine by ceding territory for vague security guarantees. The US president has appeared to align with Putin by dropping demands for an immediate ceasefire and urging Zelenskiy to act fast on a peace plan, which includes a "lands' swap" that Zelenskiy has refused to accept

  • Markets : Sep cut is far from a done deal despite 90% probability currently priced in by Mr Market all down to the BLS decided to show on 5th Sep NFPayrolls !

  • “We call a tariff a protective measure. It does protect; it protects the consumer very well against one thing. It protects the consumer against low prices.” – Milton Friedman

  • There are now 511,000 new homes for sale in the US, the highest inventory since October 2007, Contract signings to buy a house hits the lowest level in 30 years

  • Federal Reserve Bank of San Francisco President Mary Daly repeats that while an outsize rate cut at the central bank’s September meeting likely isn’t needed, she still thinks two cuts this year will be appropriate. 

  • Not even the 2000 Dot-Com Bubble saw this: The S&P 500 Price-to-Book Value ratio hit a RECORD 5.3x. The ratio has now officially surpassed the 2000 Dot-Com Bubble peak

  • German 30y bond yields climbed to 3.35%, the highest level since 2011. Investors are demanding higher term premia as the surge in bond supply weighs on the market

  • Bill Clinton proves Marco Rubio is lying, right here, clear as day: WE forced Ukraine to give up their nukes, cruise missiles, and strategic bombers: WE promised to protect Ukraine from Russia; WE made Ukraine vulnerable. So yeah, THIS IS OUR WAR

  • Texas grants grid operators authority to CUT Data Center Power during crises

  • Tucson rejects Amazon-linked data center amid water, energy concerns (even with their own within the company AND the council, META not getting their own ways...)


















 
 
 

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