Shorting the market is not an easy sport...
Below S&P 500 returns following Michael Burry’s stock market warnings... Source: Peter Mallouk
A friendly reminder of bitcoin seasonality
Source: Ryan Rasmussen @RasterlyRock, Bitwise Asset Management
September rate cut odds have plunged to 57% on Polymarket over the past few days—did Powell’s speech leak?
Source: Tom @TradingThomas3
Meanwhile... A new all-time high for the Borsa Istanbul 100 Index
Source: Augur Infinity
According to Ark Invest, Robotaxis could generate $34 Trillion in Enterprise Value by 2030
Tesla's $TSLA market cap is only $1.05 Trillion right now Source: Barchart, Ark Invest
The economic slump in Germany worsened in Q2.
GDP fell by 0.3% in Q2 QoQ, worse than the initial estimate of -0.1%, mainly due to a sharp drop in capital investment, which declined 1.4%. Consumer spending rose by 0.1% QoQ, contributed less than previously thought, while government spending rose 0.8% QoQ. The size of the German economy is currently still slightly below its 2019 level, ING's @carstenbrzeski has calculated: "It looks increasingly unlikely that any substantial recovery will materialise before 2026," he says. Source: Bloomberg, HolgerZ
Nvidia has asked some of its component suppliers to stop production related to its made-for-China H20 graphics processing units, as Beijing cracks down on the American chip darling.
The directive comes weeks after the Chinese government told local tech companies to stop buying the chips due to alleged security concerns, the report said, citing people with knowledge of the matter. Nvidia has reportedly asked Arizona-based Amkor Technology, which handles the advanced packaging of the company’s H20 chips, and South Korea’s Samsung Electronics, which supplies memory for them, to halt production. Samsung and Amkor did not immediately respond to CNBC’s request for comment. A separate report from Reuters, citing sources, said that Nvidia had asked Foxconn — officially known as Hon Hai — to suspend work related to the H20s. Foxconn did not immediately respond to a request for comment. Source: CNBC
July Nasdaq seasonals were great. September's are not.
Source: zerohedge
