The dichotomy between gold (orange line( and the US 10-year real rate (the red line) is becoming massive...
Source: www.zerohedge.com, Bloomberg
Police fatally shot a man Tuesday about a mile away from the main Republican National Convention venue in Milwaukee, CNN affiliate WISN reported.
Witnesses told the station that two men were fighting in a local park when one of them pulled a knife out. Witnesses said the men were startled when officers responded and the man with the knife was shot by multiple officers, WISN reported, noting those details had not been confirmed by police. Source: CNN
Us small caps are up 6.8% over the last 3 trading days while US Large Caps are flat.
The 6.8% spread is 6 standard deviations above the mean & the 3rd largest small outperformance since inception of the first small cap ETF in May 2000. $IWM $SPY Source: Charlie Bilello
The power of the apostrophe
Source: Ian Bremmer on X, The Times of India
Big money and the Valley are backing Trump
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US equity futures traders have never, ever been 'longer' than they are now...
Source: GS
BlackRock is eating the world: World's biggest money manager hits $10.6tn asset record, driven by ETF boost.
Total net inflows were $82bn. Source: HolgerZ, Bloomberg
🚨 Federal Reserve Chair Jerome Powell said Monday that the central bank will not wait until inflation hits 2% to cut interest rates.
Speaking at the Economic Club of Washington D.C., Powell referenced the idea that central bank policy works with “long and variable lags” to explain why the Fed wouldn’t wait for its target to be hit. “The implication of that is that if you wait until inflation gets all the way down to 2%, you’ve probably waited too long, because the tightening that you’re doing, or the level of tightness that you have, is still having effects which will probably drive inflation below 2%,” Powell said. Instead, the Fed is looking for “greater confidence” that inflation will return to the 2% level, Powell said. “What increases that confidence in that is more good inflation data, and lately here we have been getting some of that,” he said. Powell also said he thinks a “hard landing” for the U.S. economy was not “a likely scenario.” Source: CNBC, Radar
