Syz the moment

"Apollo Global Management has amassed a short position against the debt of a US automotive parts supplier that has come under scrutiny for its accounting policies and financing techniques. Apollo holds a credit default swap against First Brands Group, according to five people familiar with the matter, an Ohio-based seller of windscreen wipers and fuel pumps that last month shelved a $6bn loan deal because of concerns about its financial reporting. The derivative contract means that Apollo will profit if FBG fails to continue paying its debts. The trade has pitted one of the largest private credit specialists on Wall Street, with $840bn in assets, against a company that has borrowed billions of dollars away from the glare of public debt markets. In order to short FBG’s private debt, Apollo obtained a so-called “bespoke” contract written against the company’s loans, according to people familiar with the trade. They added that the firm had held the position for at least as long as a year and had paid a significant amount in fees to maintain the short". Link to article >>> https://lnkd.in/ejCPZSsY

🦈 Bitcoin sharks (100–1k BTC wallets) added 65,000 BTC in the past 7 days. They now hold a record 3.65M BTC. Source: Glassnode, Bitcoin archive

2025 Inflation forecast now 2.1% (from 2%), 2026 inflation forecast now 1.7%; (prior forecast 1.6%). ECB sees 2027 at 1.9% (prior estimates 2%). Source: HolgerZ, Bloomberg

According to the CME FedWatch tool, markets see a ~93% chance of one rate cut in September 2025 (to 4.00–4.25%) and a ~92% chance of two cuts by December (to 3.50–3.75%). Source: cointelegraph

This marks the third-biggest 5-month gain over the last 20 years. This is only 1 percentage point behind the post-2008 Financial Crisis recovery of +32%. Since the April 8th low, the S&P 500 has added a MASSIVE +$16.6 trillion in value. That is more than the size of every individual stock market in the world, except the US. Source: The Kobeissi Letter

Silver hits highest closing price in 14 years. Source: Barchart

1) Owns 40% of $ORCL, 2) Hasn't sold any shares! 3) $ORCL bought back 50% of the shares outstanding, 4) Now worth $401B. He is 81 years old and could be on his Yacht in Monaco. Yet, he remains the CEO of the company he founded 48 years ago, and still answers questions on earnings calls! Still creating value for his shareholders. Unbelievable! Source: Ray Myers @TheRayMyers

Per the Texas Workforce Commission, filings for Disaster Unemployment Assistance related to the lethal floods in the Texas Hill Country earlier this summer were due by September 4... Source: Bespoke