markets


What Just Happened In Markets: Goldman's Desk Answers The Top 7 Trader Questions

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"With growth slowing and financial conditions still very tight, the market has been on look-out for what might break..."


22 Year Old Arrested For Allegedly Stealing Seattle Fire Truck

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...this incident is the suspect's ninth arrest in nine months.


Arizona State Senator Claims "Political Persecution" After Ticketed Doing 71 MPH In A 35 MPH Zone

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As a result, she's refusing the sign the citation...


WTF Is Going On With The Fed's Reporting Of US Bank Deposits

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$31BN of (unadjusted) deposit outflows magically morphed into $62BN of deposit inflows in the last two weeks...


Stocks end the week on a high as a pivotal week awaits - Newsquawk US Market Wrap

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Core PCE hotter than expected, with headline as expected; UoM final headline and 5yr inflation revised higher, with 1yr unchanged; Japan's MoF wants BoJ to cut bond purchases; Stellar 3M results; Cooler than forecasted Tokyo CPI.

Two Trillion & Counting... The Mega-Cap Meltdown Continues

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...this hasn't happened since the DotCom bubble popped...


"It's Not All Bad News" But Top Goldman Trader Warns "The Character Of The Market Has Changed"

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...valuation and positioning have been very demanding, the seasonals are tricky and the past few weeks illustrate how small the margin for error is right now...


Apple's iPhone Falls Out Of China's Top Five As Domestic Brands Soar In Popularity 

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"It is the first quarter in history that domestic vendors dominate all the top five positions.


The US Volatility Market Just Flinched; Goldman Trader Eyes Gamma Gulch Ahead Of 'Busiest Week Of The Summer'

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..."vol stress" hit a ~2 year high last night.


Overly-Optimistic Investors Face Potential Disappointment

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If the last two bear markets haven’t taught you this by now, I am unsure what will... Maybe the third time will be the “charm.”


Market Moves Like These "Have Not Ended Well"

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And what makes this bubble particularly risky is that it exists at the sovereign debt/currency level...


Prosecutors Charge Short Seller Andrew Left Of Citron Research With Fraud For "Misleading Statements"

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The Los Angeles grand jury indictment alleges Left used his reputation to manipulate stock prices, closing positions quickly after his public statements caused desired price movements.


Futures Rebound From Thursday Rout Ahead Of Core PCE

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“Everything AI has been sold off. Some of it is definitely justified, but for some stocks there may be opportunities for the longer term investor.”


'Bank Failures Are Almost Certain To Follow': The CRE Crisis Has Gone Nowhere...

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Buckle up!


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  • European bourses are mostly higher as sentiment improves after the prior day’s hefty selling pressure; US futures entirely in the green, with clear outperformance in the RTY
  • Dollar is flat ahead of today’s US PCE, safe havens lag whilst the Antipodeans gain in a slight reversal from price action this week
  • USTs are rangebound, EGBs softer with European specifics-light
  • Crude is incrementally softer and just off best levels, XAU gains alongside base metals
  • Looking ahead, US

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APAC stocks were mostly higher as risk sentiment in Asia improved with markets finding some composure following the recent sell-off and with some encouragement from stronger-than-expected US GDP data.

US stocks were mixed as participants digested on data releases including US GDP, while attention turns to PCE Price data - Newsquawk Asia-Pac Market Open

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US GDP and Core PCE for Q2 both printed hotter-than-expected, while the Nasdaq underperformed as some of the tech woes lingered with Alphabet (GOOGL) shares extending on losses, particularly after a report that OpenAI is to introduce "SearchGPT".

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Q2 GDP and Core PCE above expectations; Jobless Claims beneath consensus; Durable Good tumble, ex-aircraft beats; PBoC surprise MLF cut; Weak German IFO; OpenAI launch "SearchGPT" to challenge Google; Airlines rise after earnings; Strong 7yr auction.

Mega-Cap Meltdown Continues As 'Good News' Sends Rate-Cut Hopes Reeling

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...this hasn't happened since the peak of the DotCom bubble...


What Just Happened: $25 Billion In CTA Liquidations Triggered, Long-Onlies Sell But Hedge Funds Are Buying Again

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Is the selling finally over?