🚨 BREAKING:
➡️ US PCE Price Index (Aug) YoY 2.7% vs 2.7% Est PCE MoM 0.3% vs 0.3% Est ➡️US Core PCE Price Index (Aug) YoY 2.9% vs 2.9% Est (Highest PCE reading since February) MoM 0.2% vs 0.2% Est EXACTLY AS EXPECTED. BULLISH 🚀 FOR MARKETS
China controls close to 90% of the global rare earth market, and it has a track record of weaponizing exports when tensions rise.
Any new tariffs could invite retaliation, slower licensing, outright restrictions, or targeted disruptions that hit automakers, electronics, and magnet producers with higher costs and production delays. The ripple effects wouldn’t stop there, more expensive inputs could feed inflation and strain global supply chains. The G7 and the EU are weighing new ways to chip away at China’s rare earths dominance. Tariffs or taxes on Chinese exports are on the table along with price floors and subsidies to jump start mining and processing capacity outside Beijing’s reach. Source: StockMarket.news
US Treasury secretary Scott Bessent said that Washington was in talks to provide a $20bn swap line to Argentina
Source: FT
IBIT Zero Date Option Covered Call ETF launching today.. $BITK
Source: Eric Balchunas, Bloomberg
Are you waiting for a Bear Market to invest?
This is a great idea in theory, but historically only 20% of future Bear Markets brought prices below prevailing levels. Source: Charlie Bilello
Tether is looking to raise between $15 billion and $20 billion in private funding, aiming to lock in a valuation near $500 billion, according to Bloomberg.
If Tether raised money at a $500 Billion valuation its chairman Giancarlo Devasini would be worth almost $224 billion. That would make Devasini the 5th richest person in the world in front of people like Warren Buffett, Larry Page, Sergey Brin, and Jensen Huang Source: Evan
Politico is reporting that the White House has instructed federal agencies to prepare MASS FIRING plans in the event of a government shutdown.
A government shutdown by the end of the month is a true possibility. Source: Wall Street Mav
When the S&P 500 is up on the year it is up 19.0% on average.
This always surprises investors, but large gains and perfectly normal. Source: Ryan Detrik
