Coincidence or not?
Source: Bastien Chenivesse, Bloomberg
In case you missed it...
Crude Oil has fallen to its lowest price since early February. Source: Barchart
It seems that many companies are in desperate need for rate cuts...
Source: Bloomberg
Yesterday evening after the close, Super Micro $SMCI has swung nearly $170 in 40 minutes in after hours trading, dropping from $725 to $558.
Super Micro Computer beats on revenues + announced 10:1 stock split (why?) but missed on EPS. CEO: "Supermicro continues to experience record demand of new AI infrastructure..." Source: Ycharts, Beth Kindig
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
