BREAKING: Is the BoJ capitulating?
The Bank of Japan Deputy Governor says they WON’T raise rates when the market is unstable. The Yen is getting absolutely destroyed…and the Nikkei is up nearly +3%, Nasdaq Futures is up +1.2% A wild start of August... Source: TradingView
China’s imports grew faster-than-expected in July, while export growth came in below forecasts, according to customs data released Wednesday.
U.S. dollar-denominated imports rose in July by 7.2%, far more than the forecast of 3.5%, according to the poll. China’s imports from the U.S. surged by 24% year-on-year in July, according to CNBC calculations of official data. Source: CNBC
"Investors produce outstanding long-term results primarily by avoiding dumb decisions, rather than by making brilliant ones." — Warren Buffett
Source : InvestingCanons
Hedge Funds bought the panic dip yesterday
US stocks saw their largest 1-day net buying in 5 months, according to GS Prime. 8 of 11 sectors were net bought, led by Tech and Defensives. $SPY $QQQ $IWM Source: David Marlin
Consistency
Source: Leadership First
2 weeks ago, US High Yield credit spreads were nearly at their tightest levels since 2007 (302 bps).
Spreads have since increased 91 bps to their widest levels since Nov 2023 (393 bps). The last 3 recessions all saw spreads move over 1,000 bps at some point. We're not close to pricing in that scenario today. Source: Charlie Bilello
30 years ago, careers were a straight line: Get an education ➡️ Secure a job ➡️ Climb the ladder ➡️ Retire
Today? It’s a loop: Learning ➡️ Working ➡️ Learning ➡️ Working ➡️ Repeat To thrive in this cycle, you should embrace lifelong learning and stay flexible. Source: Corporate Rebels
JP Morgan's Jamie Dimon pushes for private-sector representation in next cabinet
Source: Bloomberg
