Key dates for France sovereign rating
Macron still needs to find a new PM who then needs to form a government who should submit its budget bill to parliament by the first Tuesday of October, which this year is October 7. Good luck... Source: French Debt Agency
Odds of 50bps rate cut just hit 10%
Standard Chartered now predicts the Fed will cut TWICE at September FOMC. Source: zerohedge
As Fed rate cuts odds increase, stocks and bonds continue to be bid together...
Source: www.zerohedge.com, Bloomberg
⚠️ The United States (US) Bureau of Labor Statistics (BLS) will publish the 2025 preliminary benchmark revision to the Establishment Survey Data on Tuesday, September 9
The preliminary revision will cover the 12-month period through March 2025 before the final benchmark revision is reported within the employment report of February 2026. The chart below puts the revisions in perspective: ➡️ 2024 just delivered the biggest downward benchmark revision since 2008 nearly -800k jobs erased. ➡️ That’s exactly why the BLS revision matters: if 2025 takes another -550k to -950k hit, it won’t just mark back-to-back historic revisions. ➡️ It will prove the labor market was overstated for years, not months. Source: StockMarket.News, zerohedge
BREAKING 🚨: Turkey
Turkish Lira has plunged more than 96% against the U.S. Dollar since 2010. Source: Barchart
What a year for ETFs ‼️
ETFs crack $800b in YTD flows, that's a $5b/day pace. That puts them on pace to hit about $1.2T this year, a new record. Source: Bloomberg, www.zerohedge.com
If you are in the manufacturing industry, do you produce in the U.S. or in the U.K.?
Source: Michel A.Arouet
"The Ukraine war and the weaponization of the dollar was the straw that broke the camel's back"
Source: zerohedge
