markets


People Are Now Setting Up Trusts To Last Hundreds Of Years So They Can Cryogenically Freeze Themselves

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“The idea of cryopreservation has gone from crackpot to merely eccentric. Now that it’s eccentric, it’s kind of in vogue to be interested in it.”


US Solar And Wind Power Generation Tops Nuclear For First Time

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For the first time ever, U.S. electricity generation from utility-scale solar and wind exceeded nuclear power plants’ power output in the first half of 2024


Lawsuit Alleges Hyundai Conducted "Secret Program" With Dealers To "Inflate" EV Sales

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"We gotta hit a number for the press and for the Koreans."


Sam Altman-Backed Nuclear Startup Oklo On Pace To Launch First Reactor By 2027

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“We've tried to design and approach this whole thing in a way that we can get it built as soon as reasonably possible."


US were mixed as cooler-than-expected CPI data saw a rotation out of large-cap tech stocks into smaller-cap cyclicals - Newsquawk Asia-Pac Market Open

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Softer CPI data boosted Fed rate cut bets with money markets now fully pricing a 25bps cut for September (prev. 72% before the CPI release) and a total of around 61bps of cuts are now priced by year-end (prev. 49bps).

Anti-Diet: General Mills Pushes "Health At Any Size" Research With Dietitian Influencers As Obesity Rate Doubles

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In news that some could as a surprise to no one, the people leading the charges against "fat shaming" and advocating for something called "anti-dieting" are...you guessed it...food companies.


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US inflation cools more than expected; Fed's Cook attentive to unemployment rate; Daly and Musalem note the further inflation progress, but still want more data; Strong UK GDP; Japan reportedly intervened in FX; Gaza-cease fire framework agreed; Weak 30yr bond auction; AAPL settles EU antitrust probe; Weak DAL & PEP guidance.

Nasdaq Pukes To Worst Day Versus Small Caps In 22 Years, Gold Soars Near Record High After Soft CPI

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...but breadth was very positive... and s big as today's moves are, they hardly register on long-term charts...


US Spent A Record $140 Billion On Debt Interest In June, 30% Of All Tax Revenues

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Minsky moment.


Goldman's Top Tech Trader: "What's Going On?"

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"...expect the debate to quickly shift to how SUSTAINBLE this ‘unwind’ is given earnings around the corner..."


Costco Is Raising Membership Fees On 52 Million Members, Wall Street Views As 'Positive Catalyst' 

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"Analysts Phillip Blee and Sabrina Baxamusa estimate the fee increase will bring in roughly $350 million..." 

 


Gruesome, Tailing 30Y Auction Sees Plunge In Bid-to-Cover, Foreign Demand

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This was a very ugly auction and it managed to do the seemingly impossible: in a day when the plunge in CPI guaranteed a September rate cut, it pushed the 10Y by 2bps from session lows, last trading just above 4.18%.


Tesla Shares Tumble On Report Of Robotaxi Unveil Delay

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...Bloomberg citing 'people familiar with the decision' 


Goldman Trader: "SPX Is Not Telling The Whole Story"

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...single-stocks are priced for an up-crash, the index is not...


Pepsi Warns US Snack Demand "Subdued" As Consumer Slowdown Worsens 

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"In the US, there is clearly a consumer that is that is more challenged." 


Say It AIn't So! Tech Tumbles As Hedge Funds Continue To Fade Strength

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...hedgies are now underweight tech by the most on record...


Wall Street Reacts To Today's Dovish CPI Shock: "It's Time To Cut"

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"Two more inflation and jobs reports are due before the Sept. 17-18 FOMC meeting, and we expect them to invoke a similar narrative. Our baseline is for the Fed to begin to cut rates at the Sept. 17-18 FOMC meeting.”


Japan Intervenes In FX Market To Crush Yen Shorts After Dovish CPI

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Another huge move in the yen driven by Japanese intervention.


Soft Landing Or Hard Crash? The Hidden Danger In Rate-Cuts

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Everyone thinks rate cuts will be the market's savior. I think they should scare the sh*t out of the market...


Surveying The Post-CPI Market Carnage...

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Small Caps are exploding higher but the rest of the majors are unchanged...