BREAKING >>> Hackers have reportedly stolen Social Security numbers of EVERY American from National Public Data, according to the Los Angeles Times
2.9 billion people's data was reportedly stolen Source: Stocktwits
Ulta Beauty $ULTA exploding higher in after-hours after Warren Buffett discloses a new position of 690,000 shares
Source: Barchart
How To Write, by David Ogilvy
• Write the way you talk. Naturally. • Use short words, short sentences, and short paragraphs. • Never use jargon words. Source: marketplunger1 (@Brandon Beylo) on X
“Until you can manage your emotions, don’t expect to manage money.” -Warren Buffett
Source: Matt Allen @investmattallen on X
The scariest China chart
Source: TS Lombard, Bloomberg, Win Smart
A new fee model for airlines? WIZZ AIR LAUNCHES $550 ‘ALL YOU CAN FLY’ ANNUAL SUBSCRIPTION PASS
Travelers in Europe can now take unlimited flights for 499 euros ($550) a year, under a new travel subscription service from budget carrier Wizz Air The introductory fee will be available until Aug. 16 before the price rises to 599 euros (Source CNBC, Evan on X)
Core goods CPI plunged further into deflation territory in July ... -1.9% year/year
Source: Kevin Gordon, Bloomberg
Interest rate futures are now pricing in 8 Fed rate cuts over the next 12 months, the most since the 2008 Financial Crisis.
Market expectations have sharply shifted over the last week toward more cuts in anticipation of economic weakness. Over the last 60 years, every time the market expected 200 basis points of rate cuts, a recession in the US followed within several months. Source: The Kobeissi Letter, Goldman Sachs
