Retail traders are reshaping IPOs
Wall Street is opening the door to individuals via platforms like Robinhood & SoFi. Bullish’s $1.1B IPO: 20% went to retail, stock jumped +143% on debut. Upcoming deals (Gemini Space Station, Figure, Via) are also reserving retail allocations. With retail now 20%+ of US equity trading, IPOs are no longer just for institutions. Source : Bloomberg
⚠️ Auto Loan Delinquency Rate is at its highest level in 14 years
Source: Barchart
This chart shows how the SP500 has performed since 1980 when the Fed cut rates near all-time highs
On average, the index gained 3.3% over 3 months, 5.5% over 6 months, and 9.8% over the next year with markets higher 100% of the time after 1 year. Since 1980, Fed cuts near highs haven’t stopped bull runs. Source: StockMarket.News, Carson Investment Research
On a 5-year basis Spanish Equity Index (in USD) is the best performing index among G20
Source: Winsmart
$TLT jumps to highest price since April 📈📈📈 Ready to breakout?
Source: Barchart
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
