Syz the moment

Source: Elements

Consensus expected a reacceleration of Headline inflation (+0.6% MoM after +0.2% in July) and a stabilisation of “core” inflation (+0.2% MoM after +0.16% in July). Key actual numbers are the following: ON A SEQUENTIAL BASIS (MoM) Headline inflation numbers are in-line with expectations (+0.6%). That is the biggest MoM since June 2022 and the second straight monthly increase in CPI...The energy index rose 5.6% in August after increasing 0.1% in July. There was a big turn-around in airline fares. They rose 4.9% after dropping 8.1% in each of the previous two months. But the gasoline index dominated with an increase of 10.6 percent in August, following a 0.2% increase in the previous month.

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According to Apollo, a record 22% of US consumers are planning to vacation in a foreign country. US households want to travel on airplanes, stay at hotels and eat out. The Kobeissi Letter: "That is why inflation in the non-housing service sector continues to be so high. No wonder credit card debt is skyrocketing". Source: The Kobeissi Letter, Apollo

JP Morgan Chase (JPM US) is showing signs of a breakout ! Since July stock has consolidated more than 10% and tested major support 144 a few days ago with success. Keep an eye at volume. Source : Bloomberg

Apple (AAPL US) is back on support zone 172-176. Will it be able to rebound on this support zone or if not next support level could be 160 (represented by January 2022 downtrend consolidation). Source : Bloomberg

Source: coingecjo, TeongH_SR

When you combine the military budgets of the US and China, it surpasses the combined budgets of all other countries in the world! By Genuine Impact / Chris Quinn