Forwarded from Walter Bloomberg
S&P 500 SET FOR 4TH STRAIGHT MONTHLY GAIN
🔸 August ends Friday with all three major indexes up 2.5%+ through Thursday.
🔸 S&P 500 & Dow: On track for a 4-month winning streak (longest since Sept. 2024).
🔸 Nasdaq: Heading for a 5th straight monthly gain, best run in ~18 months.
🔸 Gains came despite headwinds: weak Aug. 1 jobs report, Trump’s tariff hikes, and his move to fire Fed Governor Lisa Cook.
🔸 Market strength driven by strong earnings, AI enthusiasm, and light trading volumes.
🔸 Dow & S&P 500 hit record highs Thursday, with the S&P marking its 20th record close this year.
(@WalterBloomberg)
🔸 August ends Friday with all three major indexes up 2.5%+ through Thursday.
🔸 S&P 500 & Dow: On track for a 4-month winning streak (longest since Sept. 2024).
🔸 Nasdaq: Heading for a 5th straight monthly gain, best run in ~18 months.
🔸 Gains came despite headwinds: weak Aug. 1 jobs report, Trump’s tariff hikes, and his move to fire Fed Governor Lisa Cook.
🔸 Market strength driven by strong earnings, AI enthusiasm, and light trading volumes.
🔸 Dow & S&P 500 hit record highs Thursday, with the S&P marking its 20th record close this year.
(@WalterBloomberg)
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Forwarded from infinityhedge
*US JULY CORE PCE PRICE INDEX RISES 0.3% M/M; EST. +0.3%
*US JULY PCE PRICE INDEX RISES 2.6% Y/Y; EST. +2.6%
*US JULY CORE PCE PRICE INDEX RISES 2.9% Y/Y; EST. +2.9%
*US JULY PCE PRICE INDEX RISES 0.2% M/M; EST. +0.2%
*US JULY PCE PRICE INDEX RISES 2.6% Y/Y; EST. +2.6%
*US JULY CORE PCE PRICE INDEX RISES 2.9% Y/Y; EST. +2.9%
*US JULY PCE PRICE INDEX RISES 0.2% M/M; EST. +0.2%
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Forwarded from Walter Bloomberg
🚨 MARKET SEES RISING ODDS OF A GOVERNMENT SHUTDOWN
Prediction markets Kalshi now put the chance of a U.S. government shutdown in 2025 at 44%, up sharply in recent days (+8.3 points) — the highest level since March.
https://t.co/29dLMqAGDU
(@WalterBloomberg)
Prediction markets Kalshi now put the chance of a U.S. government shutdown in 2025 at 44%, up sharply in recent days (+8.3 points) — the highest level since March.
https://t.co/29dLMqAGDU
(@WalterBloomberg)
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Forwarded from Walter Bloomberg
META CREATED FLIRTY CHATBOTS OF TAYLOR SWIFT, OTHER CELEBRITIES WITHOUT PERMISSION
(@WalterBloomberg)
(@WalterBloomberg)
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Crypto Mumbles
more launchpads have spawned recently too, but my take is that if they don't own the stack (or have a more efficient model), they can never compete with pump or heaven at this point because the fees being paid to meteora/ray is additional cost to the consumer…
my fatal mistake is forgetting that we’re in a crime cycle
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